401K Planning for Small Businesses in Olympia, WA

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 Group LLC has digital marketing experts in the major metropolitan areas of Olympia, WA, Including: Tumwater, Lacey, Shelton, Lakewood, University Place, Centralia, Spanaway, Parkland, Elk Plain, Tacoma, South Hill, Puyallup, Edgewood, Sumner, and Federal Way, Washington.

Contact our Olympia, Washington Digital Marketing Office to discuss your internet marketing needs.