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Pasadena, CA – Employee Providers Offer 401K Benefits for Police Officers

SYNOPSIS: 401 (k) programs do more than just provide officers with a secure way to save for retirement. It also maximizes employee retention rates, reduces officer turnover, and helps ease the tax burdens.

401 (k) Benefits Help Officers and Employers Alike

BY: Eric Sanchez, Employee Retention Benefits

Employee Retention Benefits is proud to offer police officers access to the best 401(k)programs on the West Coast. These employer-sponsored programs represent one of the safest and most secure ways to save for retirement.

A strategically managed 401(k) maximizes the return on an officer’s tax-deferred contributions. It also sends a clear message that your department is dedicated to providing officers and employees with the best benefits possible. This plays a key role in retaining dedicated officers throughout their long careers.

How Does a 401(k) Program Work

The 401(k) programs we administer allow police officers to determine the percentage of salary they want to contribute. This is a tax-deferred contribution that can also be matched by the department to a preset limit.

This money is strategically invested to maximize the long-term return on investment. The officer can then withdraw this money without penalty at age 59 ½ or later.

Different Types of 401(k) Programs

We are proud to offer a wide range of 401(k) programs for police officers and department employees. Each offers flexibility and long-term financial security when planning for retirement.

A traditional 401 (k) allows an employee to contribute a small portion of their gross income before taxes. The employer or police department can then match a percentage contribution. The maximum contribution limit imposed by the IRS is $20,500 for individuals under the age of 50 and $27,000 for those over 50.

Contributions reduce the individual’s gross taxable income for that year. Taxes are then paid later when the money is withdrawn in retirement.

A Roth 401 (k) is very similar to a traditional 401 (k) when it comes to age requirements. The main difference is how the initial contributions are deducted and taxed with each paycheck. Once the individual reaches the qualifying age, they can be withdrawn from the Roth 401 (k) tax-free.

Roth 401 (k) plans are also more appealing to high-income earners compared to a Roth IRA, as they don’t have any contribution limits.

401 (k) Benefits Help with Employee Retention

Officers and police department employees who are fully vested in a 401 (k) program are less likely to change jobs. Police departments offering premium 401 (k) programs like those administered by ERB enjoy low turnover rates and higher employee satisfaction levels.

We are proud to offer a wide range of customizable 401 (k) programs that can be adapted to the needs of the department and the officers they employ. We have the experience and training to help you find the 401 (k) plan that fits officers best.

“Best Employee Benefits Insurance Company in Pasadena, CA”

Top Rated Local Employee Benefits Provider / Firm / Consultants / Specialists

Los Angeles County: Pasadena, Los Angeles, Riverside, Long Beach, San Bernardino, CA

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“Best Employee Benefits Insurance Company in Pasadena, CA”

Top Rated Local Employee Benefits Provider / Firm / Consultants / Specialists

Los Angeles County: Pasadena, Los Angeles, Riverside, Long Beach, San Bernardino, CA

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Eric Sanchez

Employee Retention Benefits

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336 South Euclid Avenue,
Pasadena, CA 91101, USA

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336 South Euclid Avenue,
Pasadena, CA 91101, USA

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Pasadena, CA – Employee Providers Offer 401K Benefits for Police Officers