Retain Your Employees and Save Taxes with Small Business 401k Plan

You may have many questions in mind about which 401K plan is perfect? OR 401K plan is effective for small businesses? All your queries will get appropriate solutions only at Life, Inc. Retirement Services. We make your 401K plan an asset of your business. Unlike other well established organizations or big firms, even small businesses can also have small business 401k plan which is supposed to be a smart move for future prospects. The 401K retirement plan is beneficial for even small business if set up correctly. For start-ups and small business, it can help in saving tax, to retain employees and other benefits beyond assumptions. On long term basis such plans play a vital role in improving business growth and productivity.

You can choose from best fit small business 401k options like Standard profit sharing 401K plan, Safe Harbor profit sharing and Simple 401K plan. The Simple plans are exempt from non discrimination testing and effective for businesses with fewer than 100 employees. In Safe Harbor 401K plan employers contribute to their employees accounts. This plan is exempt from annual IRS non discrimination tests and the consequences of failure. And, Standard 401K plan gives employers the flexibility to make contributions to employee accounts. And employer can also set up such contributions with a vesting schedule.

Along with small businesses, our company provides best retirement plans to corporations, sole practitioners and financial advisors. We are dedicated and committed to provide right fit and suitable yet customized retirement plans. With 401k plan administrator you can select the correct program that benefits your business. You can also call us to get advisory support. And, you can also use our Retirement Plan Evaluator for guidance or if not sure which plan is right for you. Our company helps your employees to enrol in a retirement plan. We provide useful resources to make them understand about the process and related benefits. Retirement plans 401K is not only beneficial for businesses but also to an individual. To add comfort in your life after retirement such plans are best to take. With a professional support and consultation you can take a right decision in order to fulfill all specific requirements.