E.H. Thomson & Company, 401(k) Plan Consultants
Everyone at E.H. Thomson & Company understands the importance of retirement plans for you and your business. Our enrolled 401(k) plan consultants will understand your needs and help you achieve long-term success. We also design 401k plans for small businesses that are simple enough for the employees to understand so that they can confidently participate in it.
What is a 401(k) Plan?
A 401(k) feature in a qualified profit-sharing plan enables the employees to contribute a part of their salary to individual accounts. Under a traditional 401k plan sponsored by an employer, the employees save and invest a portion of their gross salary before taxes are taken out up to IRS prescribed limits. The taxes on this saved amount are not paid until the money is withdrawn from the individual account at retirement or other distributable events.
Why Choose a 401(k) Plan?
The best thing about a 401(k) plan is that it provides greater stability within your business. It allows your employees to better achieve their long-term financial goals for retirement. If you offer a 401(k) plan with great benefits, it will attract and retain the best talent that will further strengthen your business. Our enrolled experts can even design and administer the best 401k plan for small businesses that will not only make your business more competitive but will also show your employees that you care about their financial future.
A 401(k) plan has a lot of components that an employer must consider. For instance, a Roth 401(k) within this plan is becoming increasingly popular since it represents a combination of features of the Roth IRA and a traditional 401(k) plan.
Our 401(k) plan consultants will help you make the right decisions by providing you with the expertise and the information you need. Get in touch with us TODAY!