401k Plans

401k Plans

Alloy will help you to offer your employees tax deferred retirement savings plans that let them prepare for the future.

Even though a retirement savings plan is one of the most important features of any employee compensation plan, many employers still do not offer any. The main reason is that they are perceived as too costly. The truth is that even offering a basic 401(k) plan is worth the effort.

Two key advantages to 401(k) plans are identified by the IRS:

  • Employer contributions are deductible on the employer’s federal income tax return.
  • Elective deferrals (employee contributions) and investment gains are not tax until distribution.

Alloy will provide you with expert advice and tools for implementing and managing your retirement savings program.