401(k)

Having a 401(k) benefits all parties. We specialize in administering 401(k) plans, with an expert service team to help with all questions and provide guidance along the way.

401(k) Expertise You Can Count On

A 401(k) is an essential tool to help employees achieve a secure retirement. Whether you’re looking to administer a plan or have questions about your account – we’re here to help.

A 401(k) plan allows eligible employees to save for retirement by making salary deferral contributions. Employers offering a 401(k) can offer matching contributions to the plan, and can also add a profit-sharing feature to the plan. All assets in the plan grow tax-free.

 

There are two options for 401(k) plans: a traditional and Roth option. A traditional 401(k) allows employees to make pretax contributions, but withdrawals from the account will be taxed. However, in a Roth 401(k), contributions are made with after-tax dollars, but withdrawals are tax-free, as long as certain requirements are met.

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