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June 9, 2011

HalSi Offers 401k Plans

We are extremely pleased to announce that we are now offering 401k retirement plans! 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.

 

What are the benefits of a 401(k) Plan to an employer?

  • A 401(k) plan can help attract and keep talented employees.
  • Employers are entitled to a tax deduction for contributions to employees’ accounts.
  • Contributions and earnings generally are not taxed by the Federal Government or by most State governments until they are distributed.

What are the benefits of a 401(k) Plan to employees?

  • It allows participants to decide how much to contribute to their accounts.
  • 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.

 

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