Armada Plus 401(k)
401(k) plans allow employees to voluntarily reduce their salaries and
contribute the difference to a qualified retirement plan. Retirement plan contributions
and earnings are generally tax-deferred, so employees don’t pay taxes until they begin
making withdrawals. In addition, employers can choose to match their employees’
contributions, in part or in full.
Armada Plus 401(k) plans allow three types of contributions:
- Voluntary, pre-tax employee contributions
- Flexible tax-deductible company profit sharing contributions
- Flexible employer matching contributions
The Armada Plus 401(k) program is a flexible, easy-to-implement program that allows you to choose
your own third party administrator. Armada Plus 401(k) provides:
- A selection of high-quality investment alternatives from Armada Funds managed by experienced professionals
- Easy-to-understand employee education materials in traditional and interactive formats
- A high level of customer service that includes dedicated phone lines and on-line account access
- A program that can be tailored to meet your company’s needs
For more detailed information about the features and advantages of Armada Plus 401(k),
review our Armada Guide to Employer- and Employee-Funded Retirement Plans. Armada Plus
also offers a Safe Harbor 401(k) option that allows Highly Compensated Employees (HCEs)
to maximize contributions.
If you would like to download information about Armada Plus 401(k) or
have additional information mailed to you, click here. |
