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A 401(k) plan is considered a top benefit to attract and keep talented employees. If you're a small business owner, you have extensive options to help you and your employees save for retirement.
The plan allows one-person businesses to establish a 401(k) with a participating brokerage and save up to $23,000 annually (in 2024) as elective deferrals, in the same way that participants in a ...
A Roth solo 401(k) offers the same contribution limits as a Roth 401(k) with a normal employer. For 2023, the contribution limit is $22,500 and for 2024 it’s $23,000. Those 50 and over can make ...
FactSet. Fairfield County Bank. Farrel Corporation. Fire-Lite Alarms. First County Bank. Foxwoods Resort Casino. Frontier Communications. Frontier Communications of Connecticut. FuelCell Energy.
In the United States, a 401 (k) plan is an employer-sponsored, defined-contribution, personal pension (savings) account, as defined in subsection 401 (k) of the U.S. Internal Revenue Code. [1] Periodic employee contributions come directly out of their paychecks, and may be matched by the employer. This pre-tax option is what makes 401 (k) plans ...
Companies formerly headquartered in Westport [ edit] Business Express Airlines [4] Pequot Capital Management [5] - investment management. Playtex Products Inc. - feminine, infant, and skin care products. Terex Corp - #402 on the Fortune 500; construction and farm machinery [6]
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