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With all the talk about Social Security reform and vanishing pensions, saving for retirement is one of today’s burning issues. Offering a retirement plan as part of your company’s benefits package can give you an edge over the competition and help attract and retain key employees.
You could establish a standard 401(k), funded with before-tax dollars, or let employees divide contributions between a traditional account and the new Roth 401(k) option, which takes after-tax contributions but provides tax-free withdrawals during retirement. Your initial investment won’t be steep, and unlike an old-style pension, a 401(k) is funded by participating employees, not the company. You’ll be better able to compete with large firms—and you’ll provide everyone on the payroll, including yourself, with a viable way to save for retirement.
Whatever the size of your company, we have the expertise to set up and maintain its 401(k) plan. We’re on top of the latest IRS rules, state and local tax requirements, and compliance issues.
As independent LPL advisors, we’ll tailor your plan to provide investment opportunities that make sense for your company and your employees. If you already have a plan, we’ll evaluate it to make sure it’s meeting your needs and expectations. Let’s talk about how you can prepare for the future—yours, your employees’, and your company’s—by offering a 401(k) retirement plan.
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