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Storick Group - Safe Harbor 401k Plans

<br>A Safe Harbor 401(k) Plan is a relatively new type of 401(k) Plan that automatically meets certain IRS non-discrimination requirements, unlike a traditional 401(k) plan, if the employer commits to making one of two types of employer contributions.

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Storick Group - Safe Harbor 401k Plans

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  1. 401k RetirementPlan, Advantages and Benefits By Storick Group Investment service in Boca Raton, Florida

  2. WhatIs A 401 (K) Retirement Plan?

  3. 401 (k)Is A RetirementSaving Plan Sponsored By An Employer.

  4. AdvantagesAndBenefits Ofa401 (k) Plan

  5. 401(k)Is ARetirementSavingPlanThatHas Many Advantages.ButItAlso Has SomeRestrictions

  6. 401k Plan Is GoodTo Go ForAllTypesOfBusinessesIncluding:

  7. PARTNERSIP SELFEMPLOYED

  8. SOLEPROPRIETORSHIP

  9. WithinCertainGuidelines,An EmployerIs ResponsibleForSetting UpThe EligibilityRequirements.

  10. An Employer HasThePowerToRestrict 401k Plan For Employees Such As: >Less Than One Year Service > > > > UnionMembers NonUSCitizens Part-TimeWorkers ETC.

  11. A 401k Contributions Can ComeFrom Both Employee And/or Employer Voluntary Salary Reduction.

  12. Additional“Catch-Up”ContributionsOf$5,500Is Allowed For401kParticipantsAged50AndOver.

  13. EmployeesAre Immediately 100% VestedWith Their Own Salary Reduction TaxDeferred Contributions

  14. 10% Penalty May BeSubject To EmployeeWithdrawalsBefore Age59

  15. RetirementAny Time During The Calendar Year InWhich An EmployeeTurn55Or Later AreNotSubject To10% Penalty

  16. Within CertainGuidelines,An EmployeeCanEstablish A Vesting Schedule ForThe Contribution An EmployerMakes ToThe 401kPlan.

  17. A 401kPlanDoesNotObligate AnEmployerToMakeAny ContributionsToThe Plan,UnlessThe PlanIs Deemed TopHeavy.

  18. A 401kPlanIs Also Available In InternetAnd Turnkey Forms.

  19. A 401kPlanHas ExcellentRangeOf InvestmentOptionsAvailable, Sponsor ToOffer WithinThe Plan.

  20. AnAverage401kPlan Has Up To 16InvestmentChoices/Options ButMay Range UpTo8 To20 OptionsAsWell.

  21. Self-Directed InvestmentAccountsAnd CompanyStockPurchaseAre Permitted In 401kPlans With Certain TermsandConditions.

  22. TillThereIsNo Distribution FromA 401kPlan,No FederalIncomeTaxesAre AppliedOnEmployee ContributionsTo ThePlan. SameGoesWith AllTypes Of InvestmentGainsAnd Earning.

  23. HardshipWithdrawalsAndLoans Are PermittedIn A 401k RetirementPlan.

  24. DuringACourseOfYear, ParticipantsCanStartOr Stop ContributionsToThePlanAs DeterminedByTheCompany.

  25. ContributionsToA 401k Plan By AnEmployerMay Give Certain Tax BenefitsToTheEmployer.

  26. DiscriminationAndTopHeavyTestingMayApply To 401kPlans.

  27. Typically,ContributionsOf OtherEmployersAreTheFunctionOf The AmountThatOwners AndHighlyCompensatedIndividualsCanContributeToA 401kPlan.

  28. IRS 5500 FilingsMayApply To 401kPlans

  29. Files5500reports withIRS,Accounting, ParticipantReporting,And TestingAre All PerformedBy TheVendorSelected By The401kPlanSponsor.

  30. Today,401kretirement savingplan hasproventobeoneofthemostpopularsaving plansfor employees for manyreasons. Somethemincludeincreasedprofitability, employermatchingcontributions,andthehigheston thelististhe taxdeferral.

  31. NowRetirementHelpIs OnlyAFewClicksAwayWith Dear 401K J A Safe Harbor 401(k) Plan is a relatively new type of 401(k) Plan that automatically meets certain IRS non-discrimination requirements, unlike a traditional 401(k) plan, if the employer commits to making one of two types of employer contributions. LearnMorewww.storickgroup.com/orCallNowat+1 561-862-8051

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