401k Retirement Plans for Employers: Traditional vs Roth

Описание: Learn how Justworks helps small- to medium-sized businesses grow with confidence by handling the nitty-gritty of benefits, payroll, HR, and compliance: https://www.justworks.com/youtube

We explore the distinctions between Traditional and Roth 401(k) options, providing valuable information on how each plan can benefit both employers and employees. Learn about contribution limits, tax advantages, and best practices for fostering a successful retirement savings culture within your organization.

Check out our other resources on 401(k) retirement plans:
➡︎ What's the Difference Between Traditional IRA and Roth IRA? https://www.justworks.com/blog/whats-...

➡︎ How a 401k Works: https://www.justworks.com/blog/401k-h...

➡︎ 401k Resource Guide: https://www.justworks.com/resources/4...

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Time codes:
00:00 Are your employees ready for retirement?
00:43 What exactly is a 401(k) plan?
01:13 Why should an employer offer a 401(k) plan?
01:48 What are the annual contribution limits?
02:07 What are traditional, safe harbor, and tiered profit sharing 401(k)s?
03:37 What’s the difference between pre-tax or post-tax contributions?
04:35 How can I set up my 401(k)?

#Justworks #RetirementPlanning #401kGuide #FinancialLiteracy

Justworks makes it easy for employees to get paid and access great benefits. We handle the nitty-gritty of payroll, benefits, compliance, and global HR, so businesses and teams can focus on growth.

This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, legal or tax advice. If you have any legal or tax questions regarding this content or related issues, then you should consult with your professional legal or tax advisor.