401(k) Plans

Benefits Square specializes in comprehensive 401(k) plans. We understand the importance of helping your employees achieve their retirement goals while providing a valuable employee benefit that enhances your organization’s overall compensation package. With our expertise and personalized approach, we make it easy for you to offer a robust and competitive retirement savings plan.

Some more on 401(k)s Plans…

Retirement Savings:

A 401k plan is a valuable tool for employees to save and invest for their retirement. It allows individuals to contribute a portion of their pre-tax income, helping them build a nest egg over time.

Tax Advantages:

Contributions to a traditional 401k are made with pre-tax dollars, reducing the employee’s taxable income for the year. This results in immediate tax savings, as contributions are not subject to federal income tax until withdrawn during retirement.

Employer Matching Contributions

Many employers offer a matching contribution as part of their 401k plan. This means that for every dollar an employee contributes, the employer matches a certain percentage, providing a valuable boost to the employee’s retirement savings.

Deferred Taxes on Investment Gains

The investment gains within a 401k account grow on a tax-deferred basis. This means that employees do not have to pay taxes on their investment earnings until they make withdrawals during retirement, allowing their savings to potentially grow more quickly.

Automatic Payroll Deductions

Contributions to a 401k are deducted directly from an employee’s paycheck, making it easy and convenient to save for retirement. This automatic deduction encourages consistent savings and helps employees build a disciplined approach to retirement planning.


If an employee changes jobs, they can typically roll over their 401k balance into a new employer’s plan or an individual retirement account (IRA), ensuring that their retirement savings remain intact and continue to grow.

Employer-sponsored Retirement Benefit

Offering a 401k plan is a valuable employee benefit that can help attract and retain top talent. It demonstrates the employer’s commitment to supporting their employees’ long-term financial well-being.

Employee Empowerment

A 401k plan gives employees control over their retirement savings and provides them with the opportunity to take an active role in planning for their future. It empowers individuals to make financial decisions and take steps towards a secure retirement.

Long-Term Financial Security

A well-funded 401k account can provide employees with a significant source of income during retirement, helping them maintain their standard of living and enjoy financial security in their golden years.

At Benefits Square, we are committed to helping organizations like yours implement and manage 401(k) plans that support your employees’ retirement goals and enhance your overall benefits program. With our customized solutions, expert administration, investment options, technology-driven solutions, and dedicated support, we make offering a 401(k) plan a seamless and rewarding experience. Contact us today to learn more about our 401(k) plan services and how we can help you design a retirement savings program that benefits both your organization and your employees.