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Add Value To Your 401K Plan Offering

January 11, 2023

Most people agree that 401(k) plans are great investment vehicles, thanks to their tax advantages, matching contributions, and other features. But, they can place a daunting decision-making responsibility upon participants—who, after all, aren’t usually investment experts. 

Employers can greatly enhance the value of their retirement benefits by providing employees with access to professional guidance. This guidance empowers employees to: 

  • Set realistic retirement goals and understand the steps needed to reach those goals 
  • Understand their investment options and risk tolerance in order to make more confident investment decisions 
  • Maintain contribution levels appropriate to pursue their goals
  •  Keep their investments properly allocated and diversified 

Let’s discuss how professional financial guidance can enhance your 401(k) offering. Call the office at any time to learn more and schedule an appointment. 

A diversified portfolio does not assure a profit or protect against loss in a declining market. Asset allocation, which is driven by complex mathematical models, cannot eliminate the risk of fluctuating prices and uncertain returns. Asset allocation should not be confused with the much simpler concept of diversification. Distributions from traditional employer sponsored retirement plans are taxed as ordinary income and, if taken prior to reaching age 59½, may be subject to an additional 10% IRS tax penalty.