401(K) Plans

Discover the Benefits

As a business owner, you know employee satisfaction impacts the success of your organization. Offering attractive benefits is one way you can raise employee satisfaction—and attract and retain quality staff. And, one of the most attractive benefits you can offer your employee is a 401(k) Plan.

It’s easy, convenient, and inexpensive…with important tax advantages for everyone. Perhaps most importantly, our 401(k) plan helps your employees grow sizeable funds for the future. It’s the benefit that keeps on rewarding your staff long into their retirement years.

Contribution Options

For convenience and maximum flexibility, our 401(k) plan offers three contribution options:

• Employer contributions – made at your discretion to the profit sharing plan.
• Employee contributions – via a salary reduction agreement.
• Employer matching contributions – matching all or part of individual salary reductions to encourage employees to participate and contribute.

Tax Benefits

All employer contributions are a tax deduction for your business! The annual deduction limit is 25 percent of the total compensation of all participants.

All employee salary reduction contributions reduce the employee’s adjusted gross income, thereby reducing his/her taxable income. For 2006, the maximum salary reduction is $ 15,000 for participants under age 50 and $ 20,000 for participants who are age 50 and older.

Convenience

Employee contributions are made via convenient payroll deductions. A hassle-free and disciplined way to save, this plan makes it easy for you and your employees to build for retirement…with consistent deposits each pay period.