401(k) Retirement Plans are a mutually beneficial way to keep a stable work force...
Employers benefit because a 401(k) plan:
* Is mostly funded from dollars paid as salary.
* Lets you deduct your contributions from taxes as a business expense.
* Helps recruit and keep quality employees.
* Helps members build retirement security.
Employees benefit because a 401(k) plan allows them to:
* Save through easy payroll deduction.
* Choose the amount they want to save.
* Change the amount saved to meet current needs.
* Reduce their taxable income.
* Defer taxes on the amount saved and its earnings until the members receive benefits from the plan.