401(k)/Profit Sharing Plan
A 401(k)/profit sharing plan is an employer-sponsored qualified retirement plan that allows employers to customize plan options.
With a 401(k)/profit sharing plan, you can determine employee eligibility, allow for optional employer contributions, and select vesting schedules for employer contributions. These plans may require more administration and cost than IRA based plans, but all contributions (employer and employee) and earnings are tax-deferred until they are withdrawn.
Your Middleburg Investment Group representative will help you structure the plan that meets the needs of your company and provides a way for your employees to save for retirement.