New 401k Plan - Reduce Employee Turnover and
Attract
New Employees
Would you like to Drastically Reduce Employee Turnover?
You should consider a new 401k plan for your current
employees and to help attract new employees.
One of the major concerns for employees today is "What
happens when I retire?"
A new 401k plan provides the
answer to that question AND the added benefit of a new 401k plan
is that it can increase loyalty to the company!
Consider some of these additional features:
RETIREMENT INCOME - Your employees can take
control of their retirement along with a possible source of
income during times of financial hardship.
TAX SAVINGS - The money put into the new 401k plan
may substantially reduce their current federal and state
income taxes. The money is allowed to grow tax-deferred you
don't pay taxes until the money is actually used.
CORPORATE SAVINGS - By matching part or all of
what your employees set aside, your company can also cut
back on taxes.
When you combine the benefits of a new 401k plan along with
the flexibility of investing in a variety of options, you can
attract new employees.
Atlantic Financial Inc. will totally design your plan,
educate your employees, and provide all the necessary paperwork
for enrollment.
Contact Atlantic Financial today for
your review
Another important aspect of plan setup to consider is
selection of investment choices. Many plans that are cost
effective for small growing companies are offered through mutual
fund companies that are not known for outstanding performance.
If your employees are particularly conscious about investment
choices they will be more demanding about the quality of the
investment selections within the plan. Unfortunately, many of
the largest and most popular mutual fund companies such as
Fidelity, Putnam and Vanguard require employee participation or
dollar amount balance minimums that can make opening a plan
prohibitive for a small company. Certain investment firms have
alliances with many large mutual fund companies that allow
waivers of the minimum number of employees and dollar amounts,
thus making these types of well-known mutual fund plans
available to smaller companies.
Atlantic Financial can setup a new 401k plan or administer an
existing 401k plan.
We can also help your company serve
former employees by transferring them out of your plan and into
their own
IRA account with an
IRA Rollover - it's better for the participants and can save
your company money.
For more information: please contact us,
email Atlantic Financial or contact us
Also See:
401k
Retirement Plan Attracts Quality Employee |
Employee Investment Selection |
Matching and Deferred Compensation
