Group 401(k) Retirement Plans

There are some obvious advantages to offering your employees a group 401(k) plan. For one, it helps your business to attract and retain the best available workers, as well as providing potential tax breaks for your business. Under a qualified 401(k) plan, employees can contribute several times more than they can through an IRA due to the yearly contribution caps. 

One of the benefits of a group 401(k) plan is that you have tremendous flexibility over the details of the plan. You can choose a plan that offers a lot of choice or go with something more simple and straightforward if you want to minimize administrative costs and time.