Why Offer a 401k?

Your employees’ financial futures are at risk if they are not saving for retirement, and 401k plans are one of the most effective ways to help them save.


 
 

ATTRACT TOP TALENT

Statistics show that 401k plans have become the primary source of retirement savings for U.S. workers and help companies compete for top talent.

REDUCE TURNOVER

A 401k plan is a critical part of an employer’s overall benefits program and minimizes the chance that employees seek jobs with better benefits.

HELP OWNERS AND EMPLOYEES SAVE

401k plans allow owners and employees to elect pre-tax or Roth salary deferrals, and create a disciplined, tax-favored approach to savings—both are available options.

REDUCE INCOME TAXES

401k plans reduce income taxes for employees and the company. Employer contributions are tax deductible and employees elect pre-tax or Roth tax treatment – each providing special tax benefits.