WHY OFFER A 401(k)
PLAN?
Six reasons a 401(k) earns its place in a smaller company, numbered the way the brief numbers them: from the people you hire and keep, to the state mandates spreading around you.
We design, administer and keep the plan compliant. We never manage or sell the investments, and we do not give tax or legal advice.
PDF · 1 MB · Apex Pension Strategies, Inc.
SIX REASONS, FROM HIRING TO STATE LAW.
The brief, in fullAttract and retain top talent
A 401(k) plan strengthens your compensation package, helping you attract quality candidates, retain valued employees, and compete with larger employers without relying only on salary.
A powerful savings tool for owners
A 401(k) can help business owners build retirement savings through employee and employer contributions, depending on plan design and business structure.
Potential tax savings
Employer contributions may be tax-deductible, and traditional or Roth options can give employees added tax flexibility.
Tax credits may help offset startup costs
Eligible small businesses may qualify for tax credits that help reduce the cost of starting and maintaining a retirement plan.
The four credits, in fullHelp employees build financial security
Automatic payroll deductions, employer contributions, and long-term investing can make it easier for employees to save consistently for retirement.
State mandate compliance
Growing laws in many states mandate that small businesses offer a retirement vehicle. Providing a 401(k) plan prevents potential noncompliance fines or the use of a state-mandated plan.
A 401(k) PLAN ISN’T JUST AN EMPLOYEE BENEFIT. IT’S A BUSINESS STRATEGY.
Each of the six reasons rests on a decision written into the plan: who is eligible, what the employer puts in, whether enrollment is automatic. We write those decisions around your census, cash flow and goals, then run the plan year after year.
BEFORE THE FIRST PAYROLL DEDUCTION.
We work with owners, financial advisors and CPAs to evaluate plan options and bring the right people together. Call or write to the office.
