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Employee Advantage - Retirement Income Plans

Employees often look to employers to assist them in building retirement income so they may have financial security well into their retirement years. Employer-sponsored retirement income plans are an excellent way to provide retirement income to employees and they play an important role in the total compensation package. Employee contributions are tax deferred. The plans PRO offers can allow each employee to structure their investments individually to meet their own needs in terms of retirement income and investment preferences. The information below depicts optimal methods to increase retirement income by maximizing contributions .

How to maximize contributions in a 401(k) plan:
Participants	Salary	Own 401(k) $	Safe-Harbor Co.Contribution	Discretionary Co.Contribution	Total Contributions
#1 Owner	$200,000.00	$11,000.00	$6,000.00	$23,000.00	$40,000.00
#2 Employee	$30,000.00	$3,000.00	$900.00	$3,450.00	$7,350.00

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