Business Insurance Related Links:

• General Liability Insurance
• 401(k) Retirement Planning

401(k) Retirement Planning

401(k) Retirement plans are investment plans that were created by business owners to allow their employees to contribute a portion of their paycheck into a savings account that accrues interest on a tax-deferred basis. Employers have the opportunity to match the portion that the employees put into their 401(k) plan each week or the employers can contribute a different amount of their choice. The earnings are kept in the account until the employee reaches retirement age of 65 or changes jobs, at which the 401(k) earnings can be rolled over into another 401(k) account or an IRA.

As a business owner, having a 401(k) plan in place as an additional benefit for your employees is an excellent way to find and retain excellent employees.