Invest In The Of Your Employees.
A 401k plan is a tax-advantages defined-contribution account altered by man employee to their employees. The investment earnings in a locational 401(K) plan are not tax calculator thee employee with dress that money, typically after retirement in a Roth 401(k) plan, withdrawals can be tax free.
- A 401k plan is a company- sponsored retirement account that employee can contribute to employee may also make matching contributions.
- There are two basic types of 401(k) s—traditional and Roth—which differ primarily in how they're taxed.
- In a traditional 401(k), employee contributions reduce their income taxes for the year they are made, but their withdrawals are taxed. With a Roth, employees make contributions with post-tax income, but can make withdrawals tax-free.
At The CFI Agency were committed to setting up a 401k plan that’s designed to help your employee achieve their long-term financial goals contact one of our knowledgeable specialists today.