401K Planning in Hartford, Connecticut
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 Hartford, CT including: West Hartford, Avon, Simsbury, Weatogue, Farmington, Glastonbury, South Windsor, East Granby, Canton, Rocky Hill, Glastonbury Center, West Simsbury, Collinsville, Cromwell, Tariffville, Windsor, Wethersfield, Burlington, Newington, Bolton, Middletown, Southington, Berlin, Kensington, Manchester, Portland, Canton Valley, East Windsor, Vernon, Bristol, Middlefield, Bloomfield, Plainville, East Hartford, Plymouth, Broad Brook, Windsor Locks, Terryville, Rockville, New Britain, and Blue Hills, CT.
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