• Today's employees expect their employer to provide a §401(k) plan. 

• Your business can remain competitive by offering an attractive pre-tax employee savings plan at an affordable price.

• A traditional §401(k) plan takes the form of a profit sharing plan but allows eligible participants to defer a part of their salary into the plan as elective employee contributions.  [Click Annual Plan Limits]

• Plan participants who are age 50 or older are eligible to make "catch-up" deferrals to the plan, within IRS annual plan limits. [Click Annual Plan Limits]

• Strict nondiscrimination testing must be applied in order to make sure the plan does not adversely favor "highly compensated employees."  [Click Annual Plan Limits]

• Discretionary and/or fixed Employer contributions may be made in the form of profit sharing contributions for all eligible participants, or matching contributions on behalf of the employees who make elective employee contributions.

• The plan can apply a vesting schedule to Employer contributions.  Elective employee contributions are always 100% vested.

• The Employer decides how many "bells and whistles" the plan will offer, such as Participant Loans or internet access to plan investments.

Please call Hembree TPA, Inc. at (888) 486-401k or e-mail us at info@hembreetpa.com to establish a new §401(k) Plan or review an existing §401(k) Plan.

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