With increased scrutiny from the Department of Labor and America’s daunting retirement gap, it is more important than ever to provide your employees with a competitive 401(k)*. 401(k) plans can be a powerful tool in promoting financial security in retirement. They are a valuable option for businesses considering a retirement plan, providing benefits to employees and their employers. Our goal is to create a customized, cost-efficient, and high quality 401(k) plan for your company. Paris International’s 401(k) advisors meet with your employees to ensure they are taking advantage of their company’s retirement plan while investing appropriately according to their personal goals.
Employers start a 401(k) plan for a host of reasons:
A well-designed 401(k) plan can help attract and keep talented employees.
It allows participants to decide how much to contribute to their accounts.
Employers are entitled to a tax deduction for contributions to employees’ accounts.
A 401(k) plan benefits a mix of rank-and-file employees and owners/managers.
The money contributed may grow through investments in stocks, bonds, mutual funds, money market funds, savings accounts, and other investment vehicles.
Contributions and earnings generally are not taxed by the Federal Government or by most State governments until they are distributed.
A 401(k) plan may allow participants to take their benefits with them when they leave the company, easing administrative responsibilities.
Paris International can help you establish a comprehensive and cost effective 401(k) solution for your business that includes recordkeeping, administration and open architecture. Contact us.
*Plan distributions may be subject to tax and 10% penalty if withdrawn before age 59 1/2.
All information herein has been prepared solely for informational purposes, and it is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy.
*Securities and advisory services offered through Commonwealth Financial Network®, www.FINRA.org / www.SIPC.org, a Registered Investment Adviser. Fixed insurance products and services offered through Paris International are separate and unrelated to Commonwealth. This communication is strictly intended for individuals residing in the states of AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY. No offers may be made or accepted from any resident outside these states due to various state requirements and registration requirements regarding investment products and services.