A 401(k) is an essential tool to help employees achieve a secure retirement. Whether you’re looking to administer a plan or have questions about your account – we’re here to help.
A 401(k) plan allows eligible employees to save for retirement by making salary deferral contributions. Employers offering a 401(k) can offer matching contributions to the plan, and can also add a profit-sharing feature to the plan. All assets in the plan grow tax-free.
There are two options for 401(k) plans: a traditional and Roth option. A traditional 401(k) allows employees to make pretax contributions, but withdrawals from the account will be taxed. However, in a Roth 401(k), contributions are made with after-tax dollars, but withdrawals are tax-free, as long as certain requirements are met.
At Ascensus, we work hard to ensure you have the support you need to take advantage of your 401(k) plan. Our technology helps you set your savings strategy and simplifies account management, while our expert service team is here to answer any questions you might have about your retirement savings.
By offering a 401(k) plan to your employees, you can help them save for a more secure retirement, attract and retain new talent, and unlock potential tax advantages for your business. Our team of experts partners directly with your financial advisor to select the best plan for you. Our service team takes it from there and guides you through the onboarding process.
We know that your clients rely on your expertise when selecting a 401(k) plan. As your trusted partner, we want to provide all the tools you’ll need to make your job of helping your clients easier. Our open-architecture platform and industry-leading expertise give you the flexibility to build a 401(k) plan that you can offer to your clients with confidence.
