Make The Most Of Your Plan
Learn how to put them to use.
401(k) Plan Benefits for Employees
Most employers have a variety of plan options, investment options, and matching choices to select. Carefully review your options and speak with an advisor on how you can maximize your savings and create a tax strategy that fits your goals.
What Are My Benefits?
Tax Advantages
Employees may make pre-tax contributions to a traditional 401(k) reducing their taxable income for the year.
Long-Term Benefits
By making regular contributions to a 401(k) account, you have a convenient means to enhance your retirement savings as you work.
Employer Contributions
Your employer may elect to match a certain percentage of your traditional or Roth 401(k) plan contributions above and beyond your regular salary.
Account Portability
If you should leave your job, your account can be transferred to another employer’s 401(k) program or rolled over to an IRA.
Catch-Up Contributions
Employees age 50+ can boost their retirement savings by making additional 401(k) account contributions beyond the yearly maximum limits.
Investment Options
With a 401(k), you may choose from a wide variety of investment options, and you can change your investment mix as your needs change.
Where Do I Start?
YOUR EMPLOYER DETERMINES the provisions of the plan, including investment options and optional plan features such as the ability to defer to a Roth plan or take a loan.
YOU DECIDE how much you wish to invest each pay period, how your contributions will be allocated among the available investment options, and later, how your assets will be distributed.
Access Professional Guidance
Through your employer’s plan, you have access to financial professionals to help you make decisions.
Schedule a
complimentary
15-minute plan analysis
