401(k) Plans

SAVE WITH PRE-TAX CONTRIBUTIONS TO A 401(K)

Overview
401(k) plans are a defined contribution plan that allow pre-tax employee contributions. Employers can choose to match an employee’s contribution to the 401(k) plan. Employees who participate in 401(k) plans assume responsibility for their retirement income by contributing part of their salary and, in many instances, by directing their own investments.

Tax advantages

Two of the tax advantages of sponsoring a 401(k) plan are:

  • Employer contributions are deductible on the employer’s federal income tax return to the extent that the contributions do not exceed the limitations described in section 404 of the Internal Revenue Code.
  • Elective deferrals and investment gains are not currently taxed and enjoy tax deferral until distribution.

Here are two different retirement plan 401(k) products we administer:

Roth 401(k) Plans
Safe Harbor 401(k) Plans

Let us exceed your expectations. Contact Jen Burnett at (888) 388-1040 to learn more.

Resources

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