What is a 401(k) retirement plan?
A 401(k) retirement plan is one of the country’s most popular retirement platforms. It allows employees to save for retirement with government sponsored tax incentives, as well as possible employer contributions. The biggest difference between a 401(k) plan and a standard retirement account (e.g. IRA) can be found in the 401(k)’s greatly increased contribution limit.
How does a 401(k) plan benefit employers?
A company’s retirement plan is one of the major factors taken into account when choosing an employer. Your company will benefit from its 401(k) plan by being able to attract and retain a top level work force. Additionally, you’ll be able to strategically manage your company’s bottom line by receiving a significant tax deduction for all employer contributions.
What are the advantages of a Broad Financial 401(k) plan?
Broad is one of the industry leaders in small business retirement plans and offers a complete turnkey service. When you call, one of our friendly Specialists will find out about your company and help you understand what is involved in setting up a new 401(k) plan. After that, we’ll take care of the rest with minimal effort on your part. Included in this all-in-one service is a customized written plan document, arrangement of a trust fund for the plan’s assets, an easy recordkeeping system, and plan information for all employees eligible to participate. With Broad behind you, you’ll be able to offer a quality retirement plan without the hassles and headaches that normally accompany plan setup.
Speak to a Specialist at Broad today and find out how quickly you can set up your company’s new 401(k) plan.