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401(k)


401(k) Information

What is a 401(k)?

A 401(k) is an employer-sponsored retirement savings plan. It allows employees to invest part of their paychecks before taxes are taken out. Taxes are paid when they withdraw the money from the account. Many employers offer matching programs as part of their employee benefits package.

401(k) plans started replacing pension funds in the 1980s when the cost to run them rose. Most 401(k)s have a spread of mutual funds made up of stocks, bonds and money market investments.
 But many 401K plans can use other insurance type programs , in either case Employees choose how their money is invested.

What are the benefits of a 401(k)?

As a business owner, it is in your best interest to attract potential employees to your company. Many people look for jobs that include healthcare as part of the benefits package. But, more people are learning the importance of starting to save for retirement at a younger age. So, 401(k) plans are growing in popularity.

By offering a 401(k) plan, you are telling your employees that you care about their future and personal assets. Help your staff get the most out of what you offer in your 401(k) plan. Tell them about details like investment options, how to make changes, and matching information.

Get started today!

Are you ready to add retirement savings to the list of benefits your business offers? Call us to learn more about setting up a program today.


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I & E Insurance Agency | 2900 Route 88 | Point Pleasant, NJ 08742 | Phone: 732-295-5584 | ineagency@gmail.comPowered by Insurance Website Builder


This web site may contain concepts that have legal, accounting and tax implications. It is not intended to provide legal, accounting or tax advice. You may wish to consult a competent attorney, tax advisor, accountant or your own financial advisor. EMC Insurance Agency & Financial Services LLC dba I & E Insurance Agency & Financial Services is an Independent Insurance Agency, a Member of the Trusted Choice , Independent Agents of America and member of the ANE Network of Independent Insurance Agents, contact your own advisors before making any decision.

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