401(k) Retirement Plan

In today’s working world, it is hard not to run across information about the wisdom of saving for retirement. This is true for employees of all ages. The more an employee saves and the earlier an employee starts saving, the greater the amount the employee will have put away when retirement arrives. A 401(k) plan is one good way to save for retirement.

The Employer Group sponsors a 401(k) retirement plan for those clients who adopt it. Clients must adopt it for the employees working for them to participate. The plan is funded with various investment funds provided by John Hancock. 

Each employee who signs up to participate in the plan establishes an account in his or her name. The account accumulates money that is put away as it is earned according to what the participant elects and it is invested as the participant directs. Of course, the investments appreciate based on the investment market returns on the investments the participant has selected. There is no guaranteed return for money invested in the 401(k) plan.

If you have more specific questions about the plan, please contact The Employer Group.