401K Planning for Small Businesses in Mobile, Alabama

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 Mobile, Alabama, Including: Prichard, Saraland, Daphne, and Fairhope, AL. Our digital marketing experts also service the following Mississippi cities: Moss Point, Pascagoula, Gautier, Ocean Springs, and Biloxi, MS as well as the following cities in Florida: Bellview, Ensley, Myrtle Grove, West Pensacola, and Warrington, FL

Contact our Mobile, Alabama Digital Marketing Office to discuss your internet marketing needs.