401K Plans:

A 401k plan is a type of investment plan, which allows the receipt of compensation into the future. It is a plan, which allows a tax deferral until the compensation amount is received. This can allow the investor to receive their 401k compensation at a time when his/her expected tax bracket is low. The amount of money invested in a 401k plan is deducted from current income; thus resulting in an income that is taxable without the investment amount. However, there is a limit to the amount that can be invested in a 401k plan. Also, if the money is withdrawn before age 59½ years, there is a 10% penalty. Upon withdrawal, depending on his/her tax bracket for the year, the investor may have to pay more than 20% of invested value in federal taxes.

Financial Foundation Group also helps sole proprietors, small businesses and large corporations with their 401K plans. Our focus is to not only provide competitive 401K plans, but to assist in the new employee set up, help current employees chose allocations to meet their goals, and assist with employees who are retiring or leaving employment. We also make available to employees free seminars and financial reviews. This can be a tremendous benefit to the employee and to the employer.

Below is a list of companies we are currently assisting:

If you would like information for your company, please contact us for a free consultation and evaluation.