Professionals,
Inc.
Pension
PPI
401(K) PLAN SURVEY FORM
Would you pay $10.80 for (3) $5.00 bills? Read on!
Your company is considering implementing an additional employee benefit on your behalf; it is called a "401(k) Plan". The purpose of this survey is to help management decide the level of employee interest in what we consider to be an outstanding opportunity to increase your savings and reduce the taxes you are paying at the same time.
This is how it would work:
If you elect to have a small portion of your income placed into the company's 401(K) Plan (through payroll deduction), the taxes normally paid on that amount will be given to you on your paycheck. The taxes will not be paid until you withdraw the savings from your account.
The following example assumes an employee elects to save 5% of his/her income in the plan (of course larger or smaller amounts are acceptable).
In other words, if you elect to save $15.00 through the 401(k) Plan, it will cost you only $10.80! And this is in addition to the tax deferred earnings on your savings……..your paycheck decreased by $10.80 and you just saved $15.00 for retirement!!
Your company is considering implementing an additional employee benefit on your behalf; it is called a "401(k) Plan". The purpose of this survey is to help management decide the level of employee interest in what we consider to be an outstanding opportunity to increase your savings and reduce the taxes you are paying at the same time.
This is how it would work:
If you elect to have a small portion of your income placed into the company's 401(K) Plan (through payroll deduction), the taxes normally paid on that amount will be given to you on your paycheck. The taxes will not be paid until you withdraw the savings from your account.
The following example assumes an employee elects to save 5% of his/her income in the plan (of course larger or smaller amounts are acceptable).
In other words, if you elect to save $15.00 through the 401(k) Plan, it will cost you only $10.80! And this is in addition to the tax deferred earnings on your savings……..your paycheck decreased by $10.80 and you just saved $15.00 for retirement!!
Example:
WITHOUT PLAN PARTICIPATION WITH PLAN PARTICIPATION
Paycheck $ 300.00 $ 300.00
401(k) Savings Plan 0.00 15.00
Net Check 300.00 285.00
Taxes Paid (est. 28%) 84.00 79.80
Take Home Pay $ 216.00 $ 205.20
Take Home Pay Without Plan = $ 216.00
Take Home Pay With Plan = 205.20
Difference $ 10.80
WITHOUT PLAN PARTICIPATION WITH PLAN PARTICIPATION
Paycheck $ 300.00 $ 300.00
401(k) Savings Plan 0.00 15.00
Net Check 300.00 285.00
Taxes Paid (est. 28%) 84.00 79.80
Take Home Pay $ 216.00 $ 205.20
Take Home Pay Without Plan = $ 216.00
Take Home Pay With Plan = 205.20
Difference $ 10.80
Copyright Pension Professionals, Inc / California 2014