• Call Us Now
    (941) 739-5006

  • Send Mail Us
    financial@assurity.us

401(K) PLANS

401(k) plans can be a powerful tool in promoting financial security in retirement. They are a valuable option for businesses considering a retirement plan, providing benefits to employees and their employers.

A well-designed 401(k) plan can help attract and keep talented employees.

It allows participants to decide how much to contribute to their accounts.

Employers are entitled to a tax deduction for contributions to employees’ accounts.

A 401(k) plan benefits a mix of rank-and-file employees and owners/managers.

The money contributed may grow through investments in stocks, bonds, mutual funds, money market funds, savings accounts, and other investment vehicles.

Contributions and earnings generally are not taxed by the Federal Government or by most State governments until they are distributed.

A 401(k) plan may allow participants to take their benefits with them when they leave the company, easing administrative responsibilities.

401(k) Plans For The Small Business Owner

 

• Adopt a written plan document

• Arrange a trust for the plan’s assets
• Develop a recordkeeping system
• Provide plan information to employees

 

Once a 401(k) plan is established the small business owner assumes certain responsibilities in operating it.

 

• Participation
• Contributions
• Vesting
• Nondiscrimination
• Investing 401(k) plan monies
• Fiduciary responsibilities
• Disclosing plan information to participants
• Reporting to government agencies
• Distributing plan benefits

 

An important decision will be whether to manage the plan yourself or to hire a professional or financial institution 

Assurity Financial Group has the experience and resources to guide you through the process of evaluating, selecting, monitoring, and reporting a small business 401(K)

 

 

logo

  • 2429 Manatee Ave E, Unit 1 Bradenton,
    FL 34208
  • Call Us Now

    (941) 739-5006

  • Send Mail Us

    financial@assurity.us

© 2017 Assurity Financial Planning. All Rights Reserved. Designed By A2G