Retirement Planning

401(k) Plans

401(k) plans are a contribution investment offered by a company/corporation to its employees which allows employees to set aside tax-deferred income for retirement purposes. In some cases, employers will match employees’ contributions dollar-for-dollar. Employee 401(k) contributions are automatically deducted from their paycheck each pay period; this money is taken out before the employee’s paycheck is taxed. The contributions are invested at the employee’s direction into one or more funds provided in the plan. Employers often "match" employee contributions, but are not required to do so. While the investments grow in the employee’s 401k account, investors do not pay any taxes on it.  It is important to remember that early withdrawals from a 401(k) plan are subject to penalties. 

Discuss 401(k) plans with our Advisors at Sgroi Financial to help you select the investments within your 401(k) to make it work for your investment strategy.  If you are looking to set up a 401(k) for your employees, Sgroi Financial can set up your company’s 401(k) plan to best suit your employees and enhance your corporate culture.


Discuss your investment needs with us today.

Call us at 716-674-6700 or send us an email