If you’re self-employed, or you own a business and you’re the only employee, you may think that you can’t enjoy the benefits of a 401K in Marysville CA. The fact is that while 401(k)s are something that employers typically offered to employees, you don’t have to have a large contingent of employees to enjoy the benefits of a 401(k). The fact is that whichever brokerage service you use to provide you a 401(k) can do so even if the only employee you have in your business is you.
However, there are still a number of things you may want to consider if you’re looking for a 401(k) for you and your other business employees. For example, you’ll want to go with a company that has a distinguished record when it comes to investment services. You want to look for a company that has been in business for a while, and you’ll also want to look for a company that offers a number of different options when it comes to the different types of 401(k)s you can choose from.
You’ll also need to look at the benefits of having this type of plan in place for current as well as future employees. One of the best ways to attract qualified personnel to your business is not only offering competitive wages, but offering various additional benefits. Medical insurance is a good way to attract people to your company. In addition, retirement savings, based on employee or employer contributions, can be extremely helpful in recruiting the top quality candidates to fill current as well as future positions within your company.
The fact is that you may only know that you want to provide a 401K in Marysville CA, for you and your employees. You may not know all the nuances of the different types of 401(k) plans. Fortunately, when you work with a quality financial service, any questions regarding a 401K plan can be answered. The investment service can sit down with you and go through the various plans to help you to understand the different 401(k)s. By having a better understanding of these plans, you’ll be in a better position to choose which one is right for your company.
Find more about 401k plan
