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| 401k | |||||||
| Administration | |||||||
| Saving For Retirement With A 401(K) Plan | |||||||
| 401(K) plans have become popular in recent years because many believe they are the best way today for employees to save for retirement. | |||||||
| When a company has established a 401(K) plan, participating employees can have up to a maximum of $15,500 (for 2008) invested for their retirement, and get a tax break as well. For example, if an employee in the 27 percent tax bracket contributes $5,000 to a 401(K) plan, that employee pays $1,350 less in taxes to the government. Therefore, the employee is investing $5,000 for retirement but it costs him or her only $3,650. The investment will grow tax free until retirement, when taxes are paid as the money is distributed. | |||||||
| Plans may offer a company match, where the employer matches a portion of the employee's contribution. This can give an immediate 50 percent to 100 percent return on that portion of the employee's contribution. Plans can also have a loan provision, where employees can borrow their own funds and make payments of principal and interest back to themselves. | |||||||
| A D COMPUTER has the advanced computer software that is necessary to administer the deductions, calculate the proper taxes and provide the reporting required by 401(K) plan administrators. | |||||||
| A D Computer has working alliances and relationships with a number of professional Retirement Plan Administrators. If you are starting a new plan or need administration of an existing plan, we can help. Whether you’re looking for specific contribution reports, a data file or even a seamless exchange of payroll data. We have various solutions available. | |||||||
| A D
COMPUTER 3939 West Drive Center Valley, PA 18034 610-797-9500 1-800-DO-MY-PAY 1-800-366-9729 |
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