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Why 401(k) Plans Are VitalA 401(k) may be the best retirement solution in these economic times. This chart is a real-life example of the advantages of contributing to a 401(k) over other plans. The chart assumes annual contributions of a 40-year-old S-Corporation owner, earning $100,000 per year*.
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Paychex is one of the industry's largest 401(k) recordkeepers with over 50,000 retirement services clients. You'll find plans that are flexible and affordable for any size client, offering benefits including:
Learn more about Paychex 401(k) Plans for your clients and for your firm.
* The above chart is taken from the "Individual 401(k) Contribution Comparison Calculator".
It is provided for illustrative purposes only and should only be used as a guideline. It is not representative of past or future performance, and actual investment results may vary.
** Businesses with fewer than 100 employees establishing first-time plans may be eligible to receive a tax credit of 50% for annual administrative costs, up to $500, in each of the first three years of the plan.