401(k)

A 401(k) plan is a qualified deferred compensation plan which enables you to save money, lower taxes, and invest in your financial future. Under a 401(k) plan, your elective contributions are made on a before tax basis; that is, the amount deferred will be excluded from your taxable income. This may currently lower your taxes. The following are some advantages of our 401(k) plan.


  • We handle the entire process for you. From the proposal and
    enrollment meetings to answering any questions throughout the year.
  • Elective deferrals are voluntary and the amount you contribute is up to you. (Federal law limits the deferral to 25% of salary or $16,500 whichever is less).
  • Deferrals are made before tax; therefore, you pay less in Federal and State income taxes.
  • Earnings and income are not taxed until the money is distributed from the plan. When you receive your retirement benefit you may be in a lower tax bracket than you are currently.

The start-up and operating costs for a 401(k) plan are much less expensive to the company than most people think. Contact us and
we can give you a very easy to read proposal that will explain the
benefits and the costs involved to have your own 401(k) plan.