“The Platinum 401k is a first class organization consisting of a great team of subject experts willing to go the extra mile. We are extremely satisfied with their service.” Smokey Bones Restaurants
“We have been with The Platinum 401k since 2011, and it has been a great experience!” Dytran Instruments, Inc.
“When it comes to administering retirement plans these days, you want The Platinum 401k on your side to help you be fully compliant with all the new 401k plan regulations.” Lanier Upshaw, Inc.
“The Platinum 401k gives us the ability to focus on running our business rather than our retirement plan solutions.” Freestyle Pools & Spas, Inc.
The Next Steps? We’re going to Need Some Information about Your Current Plan:
We will need to gather information about your current retirement plan to help insure that the plan has been operated in accordance with IRS and ERISA regulations. This review takes just a few days once we have received your information. Once the plan has been approved for transfer into The Platinum 401k program, we will jointly establish a plan design review and pre-enrollment meeting scheduling with your internal human resources or employee benefits team members.
To join The Platinum 401k program as an adopting employer, contact your investment advisor or call us at 800.585.7540. You can also email us at Info@ThePlatinum401k.com.
What is a qualified retirement plan?
A qualified retirement plan is a popular savings tool that millions of Americans use to help prepare for retirement.
An example of this is a 401(k) plan. Employees in this type of plan make pre-tax contributions to their retirement plan accounts through automatic deductions from their paychecks. Over time, savings may grow, helping you prepare for retirement. Your qualified retirement plan can provide you with a number of savings advantages, such as the potential for reduced taxes, the ability to take advantage of compound earnings and more.
And why is it important?
This plan has been set up by your employer. By participating in your company’s retirement plan, you’ll be able to take greater control of your financial future. You’ll also be able to take advantage of some attractive benefits the plan offers.
The potential to pay less in taxes
The more you contribute to your plan, the larger your retirement savings (and tax savings) may be.
Each 401(k) dollar you contribute to your retirement plan is taken from your paycheck before taxes are applied. This may lower your taxable income. It might even put you in a lower tax bracket.
The earnings on contributions to your plan grow tax-deferred until withdrawn. And since you may be in a lower tax bracket in retirement, you might pay less tax when the money is withdrawn than if you were taxed today.