401K Planning for Small Businesses in Montgomery, AL

A 401K is a workplace savings plan that lets employees invest a portion of their paycheck before taxes are taken out. The savings can grow tax free until retirement, at which point withdrawals will be taxed as ordinary income. A large majority of employers will match an employee’s contribution – up to a point – thereby boosting the employee’s savings rate.

While having a 401K program creates an attractive benefit to potential employees and improves employee retention, it also can provide a tax savings. Because overall employees’ taxable income is reduced with pre-tax 401K contributions, overall employer payroll taxes may be reduced significantly.

TEC Consulting Group LLC has digital marketing experts in the major metropolitan areas of Montgomery, AL, Including: Millbrook, Prattville, Tuskegee, Selma, Troy, Alexander City, Auburn, Sylacauga, Opelika, Alabaster, Pelham, Helena, Valley, Talladega, and Ozark, Alabama.

Contact our Montgomery, Alabama Digital Marketing Office to discuss your internet marketing needs.