Well-suited for employers who:

• have 25 or more employees.
• want maximum tax benefits for the business and their employees.
• are seeking to attract and retain highly skilled employees.

Businesses usually pay the cost of the plan and match a percentage of the contributions employees have deducted from their salaries. Flexible plan design options such as vesting schedules and loans, are available.

Advantages for you:

• A 401(k) plan can help attract and retain quality employees.
  
  
• The plan is funded mostly by dollars already paid to employees as salary.
  
  
• Contributions can be deducted from corporate taxes as a business expense.
  
  
• Internet support features are available.
  
  
• Options are available to allow flexibility in the plan design, administration, and payment of expenses.

Advantages for employees:

• Taxable income is reduced when employee pre-tax contributions are made.
  
  
• Saving through payroll deduction is easy and convenient.
  
  
• Amount saved is flexible and can be changed as needs/income changes.
  
  
• Taxation of earnings on amount saved is deferred.
  
  
• Access to account information, educational material, and transactions is available via the Internet 24/7.

A full-service 401(k) plan may be a good fit for your company if the following statements match your retirement plan objectives and capabilities:

• I want my employees to have the ability to defer income on a pre-tax basis.
  
  
• I can choose from flexible plan design options such as loans and member vesting.
  
  
• A variety of methods are available to pay plan expenses.
  
  
• A local advisor is available for assistance with my plan.
  
  
• One administrative contact answers my questions and handles the on-going needs of my plan.
  
  
• A local sales office or benefit enrollment specialist may be available to assist with on-site enrollment.
  
  
• I want help with annual compliance testing and IRS reporting.
  
  
• Employee services are important so I can spend more time running my business.