What arguments can I use to convince my boss to offer employees a 401-k option for our small company? (more)? - can i deduct company retirement ira
We are a small business, 7 employees. We currently have no pension or annuity. Right now our only option is to go and buy our own IRA ... I'm trying to convince my boss about it, a pension plan by employees may start at a 401-K (or equivalent effect).
It is open to the idea, but the fear that she needs to a match when the day this way or that have no costs for the establishment of such a system to pay.
I do not know how everything works, so please enlighten me about all the details can. This will be a party, if necessary? Does it start and participation rights of the employer? Employee contributions are deducted from their salaries before taxes based on? What I am not asking?
Help!
Friday, February 12, 2010
Can I Deduct Company Retirement Ira What Arguments Can I Use To Convince My Boss To Offer Employees A 401-k Option For Our Small Company? (more)?
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2 comments:
I know of several financial advisers would say that to your boss for you. In what state are you? Send a private message, there is never undertake an obligation, of course.
I used to manage human resources, and basically it depends. If your boss deserves a very good money management firm, one can consider that the tax has a 401K as an individual and his company.
Even if you do not care about the preservation needs to be considered as a 401k plan. Yes, it should fit, but not a timetable for the acquisition so that their contribution did not vest until you stay at work for the minimum amount of time. Could it be what you want, I think. It is a 401K benefits to employees, whether they are at 3%, do not want to payamong the workers in a number of years. Therefore, your employer is the party that if early departure of workers.
Hmmm ... What else. Your boss can save money for retirement. It is what is allowed to preserve the IRA and to limit the products of the other type of pension. But if you're an enterprise-401K, they will be able to save more.
There are always fresh. If the cost of the 401K is too high, the financial planners recommend a simple IRA. But can the simple IRA, not the employer put a time line need is 100% employee from the first day 1
Again, several financial planners who would be happy to educate you and your employer about retirement sponsored by their employers. I am not a financial plAnner me, but it is free of his experiences in the hope of providing for the acquisition of companies as clients.
Good luck!
Sinnary
Do not coincide with a 401k plan. I worked at places that do not fit together. It will undergo a fee to another and according to plan and the company has. 401K contributions are placed on a pre-tax profit based. Here is a site that is more explained.
http://www.atlanticfinancial.com/401k_ar ...
Large companies offer 401k Fidelity and ADP. This is 401K with who I am. You can always call or visit the website for more information.
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