Timothy Sumer

#employee401kplan #businessowner401k #settingupa401kformyemployees For business owners, a guide for when to start a 401(k) plan, including details about Roth features. Should you, as a business owner, set up a 401k plan for your employees? One of the common questions we receive is whether our clients should provide a 401k to their employees. There are three triggers we believe should prompt you, as a business owner, to look into setting up a 401k for your business. Any one of these can be enough by itself, but if two or three apply, then you know it’s time to get started. Here are the three triggers that will indicate if a 401k is right for your business: 1) If you are looking for more ways to potentially reduce your income tax bill personally and accumulate wealth outside or from your business. 2) If you care about your team and want to help them save and invest for their future. 3) If you want to offer an employment benefit that attracts and retains above average