401(k) Retirement Plans are a mutually beneficial way to maintain a stable work force.
Employers' Benefits
- Mostly funded from dollars paid as salary.
- Lets you deduct your contributions from taxes as a business expense.
- Helps recruit and keep quality employees.
- Helps members build retirement security.
Employees' Benefits
- Save through easy payroll deduction.
- Choose the amount they want to save.
- Change the amount saved to meet current needs.
- Reduce their taxable income.
- Defer taxes on the amount saved and the earnings until the members receive benefits from the plan.