Retirement benefits seem to be more important than ever when it comes to attracting and keeping employees. Provide a way for your people to save for retirement and gain significant tax breaks and deductions. Choosing the right 401(k) provider can significantly impact whether new or seasoned employees accept or remain in a job.
The 401(k) providers at Executive Planning Group (EPG) in Mississippi have technology, industry knowledge and commitment needed to obtain retirement savings benefits for your employees. Become a preferred employer with 401k packages tailored to your employees’ needs.
What Is a 401k Plan Provider?
401(k) plan providers create retirement plans in compliance with state and federal rules. You need a provider with experience developing important legal documents, educating employees, and monitoring plan performance.
There are many decisions to make when you first set up your plan. For instance, how do you want to set up fee payments? Employers, participants, or both can pay the fees, depending on your unique circumstances. EPG Benefits provides the resources needed to feel confident in your decisions, and that will help make your employees more financially comfortable during their retirement years.
401(k) Plans Benefit Employers and Employees
A retirement plan offers numerous advantages to your company and employees. It acts as a vehicle for all employees to prepare for retirement — including owners and leaders. Here’s a breakdown of how each group can take advantage of 401(k) programs:
- Business benefits
- Tax deductible contributions
- Assets in the plan grow tax-free
- Flexible plan options
- Tax credits can reduce costs
- Attract and keep better employees (save on training new hires too!)
- Employee benefits
- Employee contributions deducted from pretax income
- Investment gains and contributions tax-free until distribution
- Automated distributions made through payroll deductions
- Interest accrues over time to build retirement savings
- Can move savings between employers
Finding 401K Providers in Mississippi
There are many factors to consider when selecting a 401(k) provider. Here are some of the reasons companies like yours choose Executive Planning Group to manage their retirement planning programs:
- Full service: Work with a service provider that maintains every part of your 401(k).
- Employee tools: We make it easy for employees to sign up and monitor their savings.
- Financial guidance: Receive guidance and get set up with a compliant, secure plan.
The right 401(k) provider assists your small business with the implementation, tracking, and reporting of your retirement benefits plan. Choose a provider with extension experience and connections.
Executive Planning Group can help you with this affordable, effective benefit option. Call us at 601-982-3000 or fill out our contact form to set up a free consultation regarding your 401(k) retirement planning options.
Disclaimers: Securities offered through Valmark Securities, Inc., Member FINRA, SIPC. Investment advisory services offered through Valmark Advisers, Inc., an SEC-registered investment advisor. Executive Planning Group is a separate entity from Valmark Securities, Inc. and Valmark Advisers, Inc.
Any Tax advice contained herein is of a general nature. You should seek specific tax advice from your tax professional before pursuing any idea contemplated herein. This advice is being provided solely as an incidental service to our business as insurance professionals.