401k Retirement Plan, Advantages and Benefits - PowerPoint PPT Presentation

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401k Retirement Plan, Advantages and Benefits

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Take a look at some of the advantages and benefits of one of the most popular retirement saving plans "401k". We've tried to compiled some basic things and information on a 401k retirement plan that every employee should know. Now with Dear 401K J, there is a better way of getting financial, investment and retirement help. Get retirement and pension online with just a few clicks at the leading California based 401k retirement help platform www.Dear401kj.com. – PowerPoint PPT presentation

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Title: 401k Retirement Plan, Advantages and Benefits


1
401k Retirement Plan, Advantages and Benefits
  • By
  • Financial Advisor California
  • Dear 401K J

2
What Is A 401 (K) Retirement Plan?
3
401 (k) Is A Retirement Saving Plan Sponsored By
An Employer.
4
Advantages And Benefits Of a 401 (k) Plan
5
401 (k) Is A Retirement Saving Plan That Has Many
Advantages. But It Also Has Some Restrictions
6
401k Plan Is Good To Go For All Types Of
Businesses Including
7
S CORPORATION
C CORPORATION
8
SELF EMPLOYED
PARTNERSIP
9
SOLE PTOPRIETORSHIP
10
Within Certain Guidelines, An Employer Is
Responsible For Setting Up The Eligibility
Requirements.
11
An Employer Has The Power To Restrict 401k Plan
For Employees Such As
gt Less Than One Year Service gt Union Members gt
Non US Citizens gt Part-Time Workers gt ETC.
12
A 401k Contributions Can Come From Both Employee
And/or Employer Voluntary Salary Reduction.
13
As Per 2014, Each Employee Eligible For A 401k
Plan Can Defer Up To 17,500 or 100 Of
compensation.
14
Additional Catch-Up Contributions Of 5,500 Is
Allowed For 401k Participants Aged 50 And Over.
15
Employees Are Immediately 100 Vested With Their
Own Salary Reduction Tax Deferred Contributions
16
10 Penalty May Be Subject To Employee
Withdrawals Before Age 59
17
Retirement Any Time During The Calendar Year In
Which An Employee Turn 55 Or Later Are Not
Subject To 10 Penalty
18
Within Certain Guidelines, An Employee Can
Establish A Vesting Schedule For The Contribution
An Employer Makes To The 401k Plan.
19
A 401k Plan Does Not Obligate An Employer To Make
Any Contributions To The Plan, Unless The Plan Is
Deemed Top Heavy.
20
A 401k Plan Is Also Available In Internet And
Turnkey Forms.
21
A 401k Plan Has Excellent Range Of Investment
Options Available, Sponsor To Offer Within The
Plan.
22
An Average 401k Plan Has Up To 16 Investment
Choices/Options But May Range Up To 8 To 20
Options As Well.
23
Self-Directed Investment Accounts And Company
Stock Purchase Are Permitted In 401k Plans With
Certain Terms and Conditions.
24
Till There Is No Distribution From A 401k Plan,
No Federal Income Taxes Are Applied On Employee
Contributions To The Plan. Same Goes With All
Types Of Investment Gains And Earning.
25
Hardship Withdrawals And Loans Are Permitted In A
401k Retirement Plan.
26
During A Course Of Year, Participants Can Start
Or Stop Contributions To The Plan As Determined
By The Company.
27
Contributions To A 401k Plan By An Employer May
Give Certain Tax Benefits To The Employer.
28
Discrimination And Top Heavy Testing May Apply To
401k Plans.
29
Typically, Contributions Of Other Employers Are
The Function Of The Amount That Owners And Highly
Compensated Individuals Can Contribute To A 401k
Plan.
30
IRS 5500 Filings May Apply To 401k Plans
31
Files 5500 reports with IRS, Accounting,
Participant Reporting, And Testing Are All
Performed By The Vendor Selected By The 401k Plan
Sponsor.
32
Today, 401k retirement saving plan has proven to
be one of the most popular saving plans for
employees for many reasons. Some them include
increased profitability, employer matching
contributions, and the highest on the list is the
tax deferral.
33
Now Retirement Help Is Only A Few Clicks Away
With Dear 401K J
Now You Dont Have To Pay Thousands Of Dollars
For Simple And Everyday Questions About
Retirement, Investment, and Pension. Dear 401K J
Is A Platform Where All You Need To Do Is Create
An Account, Select Your Subscription Package And
Start Getting Retirement Help With Few Clicks.
Learn More At www.Dear401kJ.com or Call Now at
(510) 764-2759.
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