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![]() a very important benefitRegardless of whether you plan for your retirement via IRAs (no employer involvement) or through a 401K program, you should plan for your retirement. Contributions to both IRAs and 401K programs within IRS limits are tax advantaged. Of course, the most popular type of pension plan is a 401K plan. These plans allow the employee to take an active role in planning for their retirement and to manage their investment selections and associated risk via the convenience of payroll deduction. For the employer, 401k plans allow discretionary profit sharing contributions and the flexibility of matching employee contributions.
A well-designed 401K plan will serve your employees for a long time. Employers should be aware of the fixed costs required to operate the plan, as well as the expense component of the funds offered plus associated wrap fees. Benefit Consulting Group will ensure that your employees receive the services they need, and that the overall cost to run your plan is very reasonable. Retirement plans can be funded through IRAs (the individual) all the way to pension limits. |
Employees want retirement benefits! Our Illinois benefits consultants help you offer them. Copyright © 2005-2010 Benefit Consulting Group. All Rights Reserved. HR Benefits | Site Map | Site design by Chicago Web Design. |