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A 401(k) plan is an employer-sponsored program that allows employees to save money for retirement through payroll deductions, as well as, reduce current income taxes at the same time. The employee's contributions are deposited in a tax deferred account and the investment earnings are not taxed until the employee withdraws the money. Employers may choose to match all or a portion of employee contributions, but this is not required.
401(k) plans are not only an excellent way to save for retirement, but also a means to attract and retain employees. In today's highly competitive marketplace the search for qualified personnel is laborious and time intensive. Providing a desirable benefit such as a 401(k) plan helps to attract and retain valuable employees.
Fremont National Bank & Trust Company offers flexible and affordable 401(k) plans to meet the needs of most employers. Among the features are:
- Retirement Gold Participant Account Internet Access and Voice Response.
- Variety of investment options - See more information under Investment Management.
- Daily valuation of Participant Accounts.
- "Turnkey" administration.
- Competitive Pricing.
Contact Us for a no charge, no obligation meeting regarding establishing a 401(k) plan for your business.
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