A 401k plan is generally incorporated with a profit sharing plan. It allows each employee to defer a portion of their pay into the plan. Thus, the employee is helping to save towards their own retirement. To encourage employees to save, the plan can also allow for the employer to make matching contributions â thereby increasing the amount every employee receives each year.

There are many nuances to 401k plans that can be added to your program. These include Safe Harbor contributions and Roth deferrals. We will work with you to determine if this design best meets your needs.