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EMPLOYER BENEFITS
- Helps retain your best employees.
- Provides valuable tax advantages for your company;
A qualified retirement plan, as provided by PAI
- Pension Services,
Inc., is considered tax-exempt under the current Internal Revenue Service codes. All
contributions the employer makes to the plan for the employees, up to the stated
IRS limits, are completely tax deductible to the employer! This allows companies
to reduce their federal, state, and local tax liabilities.
- Establishes employee appreciation for the employer.
- Can be used as an attractive recruiting tool.
- Offers employees a potential way to attain financial security in retirement.
- Cost effective. With employee funding, your 401(k) plan is usually a less expensive way to offer a retirement savings plan.
- If you desire, employer contributions can be based upon company profits, creating flexible benefit options.
- PAI
- Pension Services, Inc. offers "hassle free" plan administration. Your employees are given an 800# to direct their accounts and can call us directly. You are not bogged down with questions. We handle all the recordkeeping and documentation too!
EMPLOYEE BENEFITS
- Employee contributions are deducted "pre-tax" which gives employees an immediate tax break on every dollar they contribute.
- Employee savings grow tax-deferred.
- Employee contributions are automatically deducted every pay period.
- If an employee ever leaves the company, they can take their 401(k) plan savings with them.
- Our 401(k) plans put control of investment decisions into the hands of the employees. This empowers the employees to make their own decisions regarding their retirement future.
- Employees in 2002 can contribute as much $11,000.
- Employees receive quarterly statements regarding their accounts.
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