Need help in selecting which 401k plan to offer your employees as a business, large or small? King Financial Corporation’s personalized service for individuals and companies is unparalleled. A 401(k) is a retirement savings plan made available by an employer. It allows workers to save and invest a percentage of their paycheck before taxes are taken out. In most cases, taxes aren’t paid until the money is withdrawn from the 401(k) account.
401(k) Plan Advice from King Financial Corporation
401(k) plans, named for the section of the federal tax code that governs them, gained popularity during the 1980s as a supplement to company pension plans. As the cost of running pension plans escalated over the years, employers started using 401(k)s as a viable supplement to the pensions or as an alternative replacement. With a 401(k), the investor better controls how the money is invested. Most plans offer a selection of different mutual funds composed of stocks, bonds, and money market investments.
We understand these plans – Do you?
King Financial Corporation is backed by the technology, investment range and resources of an organization with nearly two decades experience in Concord, NC and the Greater Charlotte Area. Schedule an appointment today and talk with Brian about how you or your company (and perhaps both) can manage 401k plans both as an employee and as an employer.