401(k) Retirement Planning

MPRG can tailor a 401 (K) plan to your Practices specific needs.

What Is A 401(k) Plan?

A 401(k) plan is a feature in a qualified profit sharing or stock bonus retirement plan that allows employees to defer a portion of income. A 401(k) plan provides:

• an easy, systematic method of saving
• reduced current taxable income by allowing pre-tax salary contributions
• deferred taxes on the growth of investments*
• availability of a variety of professionally managed investment choices*

How a 401(k) Plan Works

Contributions to a 401(k) plan and compounded earnings in the account are not taxed until withdrawals are made at retirement, under the guidelines outlined in the plan document. Each individual determines how much to contribute and how money is invested*, within IRS guidelines. This advantage actually reduces current tax liability and allows the individual to save with less out-of-pocket dollars.

*An investor should consider the investment objectives, risks, and charges and expenses of an investment carefully before investing.

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