Why 401(k) Plans Are Vital
A 401(k) may be the best retirement solution in these economic times.
This chart* is a real-life example of the advantages of contributing to a 401(k) over other types of plans. The chart assumes annual contributions of a 40-year-old S-Corporation owner, earning $100,000 per year.
Based on maximum individual deferral amount and potential employer contributions.
A 401(k) Plan:
Why a Paychex 401(k) is a smart choice for your firm …
The AICPA Member Retirement Committee has selected Paychex to be the exclusive provider of retirement plan services for AICPA member firms. Paychex is the largest record-keeper in the U.S. according to Plan Sponsor magazine and is ranked as the #1 seller of plans for more than eight years. Paychex has a proven track record of providing outstanding third party administration and recordkeeping services to approximately 60,000 clients nationwide. The AICPA Firm-Based Member Retirement Program offers unique benefits to the accounting community – while continuing to work with your existing financial advisor.
With Paychex 401(k) plan administration, you get unique benefits, including:
In this exclusive program, you also get automatically enrolled in Paychex’s Platinum level service, which offers benefits above and beyond the exceptional service Paychex consistently provides, including a single point-of-contact for your plan.
* The above chart is taken from the "Individual 401(k) Contribution Comparison Calculator".
It is provided for illustrative purposes only and should only be used as a guideline. It is not representative of past or future performance, and actual investment results may vary. Additional details, including assumptions & a results summary, can be found on www.paychex.com. Additional financial calculators can be found on the Paychex Accountant Knowledge Center. Visit www.paychex.com/print/akc/ to register.
** Small businesses establishing first-time retirement plans may be eligible to receive a tax credit of 50% for annual administrative costs, up to $500, in each of the first three years of the plan. Note: 100% of the employee salary deferrals are invested with 401(k) plans administered by Paychex. Information current at time of publication, June 2013.
†The AICPA Firm-Based Member Retirement Program has been designed around the needs of AICPA members in firms with approximately 1 to 50 employees. For AICPA members in business and industry or in firms with greater than 50 employees, these benefits may not apply. Please consult with a Paychex sales specialist to learn more. The consultation with a local Paychex retirement specialist is available in most major markets.