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401(k) Retirement Plans
401(k) retirement plans allow workers to contribute to their own retirement with the help of the employer. Employers may choose to match contributions that their workers make. Employees can easily have contributions to their 401(k) retirement plan withdrawn pre-tax, since this income will not be taxed until funds are withdrawn later in life at retirement age. These retirement plans allow employees to save for retirement with a minimum of difficulties, since their employer typically administers the account on the employee’s behalf. Offering a retirement plan is a wonderful benefit for your employees, since it helps them to feel secure in their financial situation as they easily save for retirement. JB Nibley can help you create a 401(k) retirement plan for your company that meets your specific needs.