401(K) Plan
Advantages of a 401(K) Plan
Employees contribute to their own accounts
Employer contribution (Including match), if any, are deductible business expense
Flexible program designs to suit employer needs
Annual nondiscrimination testing is not required for Safe Harbor 401(k) plans
Roth 401(k) or a post-tax contributions feature available
High contribution limits
Participant loans available
2026 Employee Annual Deferral Limits: $24,500 ($32,500 if over age 50)
*A 401(k) may not be appropriate for companies looking for a plan with little or no cost and/or IRS reporting requirements
Types Of 401k Plans
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Safe Harbor
Designed to simplify compliance, Safe Harbor plans automatically meet certain IRS nondiscrimination requirements, allowing business owners to maximize contributions for employees while minimizing administrative hurdles.
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Traditional
A flexible retirement option that lets employees save pre-tax income for the future. Traditional 401(k)s give employers discretion over matching contributions and plan design, balancing employee benefits with cost control.
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Customized
Tailored to meet the unique goals of your business and workforce, customized plans provide flexibility in contribution formulas, eligibility, and plan features, helping you attract and retain top talent while optimizing tax benefits.
