Offer Your Employees a 401(k) Plan
A solid 401(k) plan sends a message to your employees that you care about their future, even beyond their time with the company.
A 401(k) can help your staff build retirement savings, can help you reduce your tax burden, and is a valuable benefit to recruit new employees and retain your current team.
401(k) Frequently Asked Questions
What Types of Businesses Are 401(k) Plans Suitable For?
Businesses of all sizes and types can benefit from offering a 401(k) plan.
How Many Employees Do I Need To Have To Set Up a 401(k) Plan?
You can have as few as one employee who operates as a sole proprietor or have a company with thousands of employees.
What 401(k) Plan Options Do I Have?
There are many options when setting up a 401(k) plan, as well as vast options within the plan. Upon learning your business’s goals, we’ll be able to help you customize a plan that makes the most sense for your business and personal needs.
Are There Any Tax Advantages to Having a Business 401(k) Plan?
There can be many tax advantages built into a 401(k) plan. For example, any contribution made to an employee is deductible to the business. Furthermore, based on the plan design, the business owner (and employees) may elect to defer their income into a “pre-tax” option, which reduces their taxable income in the year the deferral was made. In addition to deferring your taxes now, many 401(k) plans include a Roth option, which allows the participant to pay taxes on the contribution and enjoy potentially tax-free growth on their account.
How Do I Get Started?
Please call our office at 717.569.6369 to set up a meeting to discuss ways you may benefit from offering a company-sponsored 401(k) plan.
We believe that a commitment to listening and asking the right questions is critical to your success in our needs-based approach.
That success depends largely on getting to know you so that we can understand what you value, your short- and long-term goals, and what keeps you awake at night.