401(k) plans offer numerous benefits to employers. Here are five ways that your company might benefit from starting a plan:
1) If you are starting your company’s first 401(k) plan, you can receive up to $500/year tax credit for the first three years of the plan.
2) Matching and profit sharing contributions are tax-deductible.
3) Administrative fees for 401(k) plans are tax-deductible.
4) Offering a 401(k) plan can help attract and retain valuable employees.
Want to learn more? We can tell you how a 401(k) plan can help your company minimize its taxes now. Call Synergetic Finance at 206-386-5455 or email us today to schedule a complimentary consultation.
To your wealth,
Joe Maas, CFA, AVA, CFP®, ChFC, CLU®, MSFS, CCIM
President of Synergetic Finance