401(k) Plans
Kenneth G. Harris Insurance Agency, Inc. will guide you through selecting a retirement plan specially suited for your business. 401(k) plans have a wide range of favorable features- for employers and participants alike. Some of these advantages include:
EMPLOYER.
» Deductible Contributions: Employers receive an immediate tax deduction
» Retention & Recruitment: Attract high caliber employees
» Economical: All or part of an employee's plan can be funded by employee elected deferrals
» Flexibility: Customize a plan to meet the needs of you company
EMPLOYEE.
» Tax Advantages: Employee contributions made with pre-tax dollars grow tax deferred
» Flexible: Control how much you defer to your plan account (within goverment prescribed limits)
» Employer Matching: Many employers offer an 'employee match' feature
» Easy Payroll Deductions: Simple saving process which also allows employees to benefit from dollar cost averaging
