Help your employees achieve financial wellness by giving them an easy way to save for the future.
In fact, surveys show that next to life and health benefits, retirement benefits are the most effective tool to attract and retained a great workforce.
Following are a few of the advantages:
Convenient way to save through automatic payroll deductions.
Contributions are pretaxed, lowering taxes and maximizing contributions.
Borrowing against savings for life’s special events or hardship withdrawals.
Employers can match contributions, further enhancing the benefits.
Contributions made by employers are tax-deductible to the employer, therefore also lowering taxes for employers.
Many 401(k)s allow owners to also save for their own retirement.
We offer Traditional, Safe Harbor, Roths and Profit Sharing 401(k)s.
To set up a program, the employee determines a set amount to have set aside into his or her 401(k) account.
The employer usually offers a variety of different investment options (stocks, bonds, money market investments, or a mix of these), in which the employee will choose from to fund the account.
While there are annual contribution limits, the employer may choose to match a portion of the employee’s contribution.