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Retirement Plans 2017-09-13T18:59:13+00:00

business man saving money in pink piggy bank to represent employer retirement plans

401(k) Retirement Plans

401(k) plans are often thought of as the ideal savings plan for employees, and one of the most flexible retirement plan options for employers. That’s because they allow for employers to help employees save for the future (tax-free), and any type business, small or large, and even self-employed individuals, can establish a 401(k) plan.

Under most circumstances, employers do not have to contribute to an employee’s 401(k), however many employers offer some sort of matching contribution, as allowed by IRS limits and guidelines.

Employees will elect how much to pay/defer to his or her 401(k) account. The most common 401(k) allows the employee to select from a number of investment options.  This usually includes a variety of mutual funds that emphasizes stocks, bonds, money market investments.

Various options for 401(k)s.

The knowledgeable experts at djb group offer employers assistance with implementing and compliance of several different types of 401(k) plans.  We believe it’s important to explore all options because no one plan fits all businesses.

  • Traditional 401(k)
  • Safe Harbor 401(k)
  • Profit Sharing 401(k)
  • Roth 401(k)