401K Planning for Small Businesses in Cape Cod, MA

A 401K is a workplace savings plan that lets employees invest a portion of their paycheck before taxes are taken out. The savings can grow tax free until retirement, at which point withdrawals will be taxed as ordinary income. A large majority of employers will match an employee’s contribution – up to a point – thereby boosting the employee’s savings rate.

While having a 401K program creates an attractive benefit to potential employees and improves employee retention, it also can provide a tax savings. Because overall employees’ taxable income is reduced with pre-tax 401K contributions, overall employer payroll taxes may be reduced significantly.

TEC Consulting LLC has digital marketing experts in the major metropolitan areas of Cape Cod, Massachusetts, Including: Yarmouth, South Yarmouth, Dennis, Harwich, Brewster, Mashpee, Sandwich, Bourne, Falmouth, Wareham, Plymouth, Carver, and Nantucket, MA.

Contact our Cape Cod, Massachusetts Digital Marketing Office to discuss your internet marketing needs.