As an employer, you want to make sure you attract the best employees. Offering employee benefits like 401(k) retirement plans are a major factor prospective employees consider when looking for the right job, and Conforti & Associates offers a full line of cost-effective 401(k) plans designed to help you stand out from the crowd.
A 401(k) plan benefits your employees in a number of ways. It deducts a portion of their paychecks to a retirement fund, which they will not have to pay taxes on until they begin withdrawing funds later in life. Additionally, as the employer, you may choose to match their contributions up to a specified amount, further increasing their retirement savings and sweetening the deal for them to go to work for you. With some 401(k) plans, your employees have the opportunity to use some of that retirement fund to make investments in stocks, bonds, and other types of mutual fund.