401(k) plans for small business

You can download a free ebook on 401k Plans for Small Business here.

401(k) plans can be a powerful tool in pro­moting financial security in retirement. They are a valuable option for businesses considering a retirement plan, providing benefits to employees and their employers.

Employers start a 401(k) plan for a host of rea­sons:

❑ A well-designed 401(k) plan can help attract and keep talented employees.

❑ It allows participants to decide how much to contribute to their accounts.

❑ Employers are entitled to a tax deduction for contributions to employees’ accounts.

❑ A 401(k) plan benefits a mix of rank-and­ file employees and owners/managers.

❑ The money contributed may grow through investments in stocks, bonds, mutual funds, money market funds, savings accounts, and other investment vehicles.

❑ Contributions and earnings generally are not taxed by the Federal Government or by most State governments until they are distributed.

❑ A 401(k) plan may allow participants to take their benefits with them when they leave the company, easing administrative responsibilities.

This free ebooklet highlights some of a 401(k) plan’s advantages, some of your options and respon­sibilities as an employer operating a 401(k) plan, and the differences among the types of 401(k) plans. For more information, a list of resources for you and for 401(k) plan partici­pants is included at the end of this booklet.

You can download a free ebook on 401k Plans for Small Business here.

VN:F [1.9.22_1171]
Rating: 0.0/10 (0 votes cast)
VN:F [1.9.22_1171]
Rating: 0 (from 0 votes)

Legal Resources

Loading Facebook Comments ...

Leave a Reply

Your email address will not be published.


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Find Legal Information

How can we help you?

Your Name (required)

Your Email (required)

Your Legal Inquiry

Are you Human?

Check here if you accept the terms and conditions of the use of this website.

International Lawyers Network

About Us | Terms, Conditions and Privacy Policy | Contact Us