understanding plans - 401K benefits

Retirement plans are almost a necessity to attract top talent and retain your best employees. Offering 401k plans enables your people to save and invest for their own retirement, instead of the company investing for them.

Often, small businesses, already overburdened by high operating costs and small staffs, prefer to work with a third party administrator (TPA) to handle many of the administrative aspects of the plan. Retirement plans that include plan recordkeeping services remove the burden of finding their own recordkeeper or handling such plan administration themselves.

A turnkey plan provides a comprehensive package that costs little to administer and offers flexibility for when your company grows. A plan that offers a wide range of investment products is desirable for employees because they can make their own investment choices.

Benefits to the Employer

Benefits to the Employee