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401(k), Pension and Profit Sharing Plans

401(k) Profit Sharing Plans are one of the most popular benefits offered to employees. It is the ideal solution to assist employees in saving and investing for their retirement years. Plans can be designed with or without employer matching and discretionary contributions. 401(k) plans allow employees to set aside a portion of their compensation on a pre-tax basis. Earnings on the funds set aside are also tax deferred until retirement.

Horizon Agency, Inc. offers single provider turnkey plans and combination custom design plans. The table below gives a brief summary of the plan types available.

Turnkey Plan Custom Design
Administration Done by the provider selected to handle the plan. Done by a third party administrator.
Investments Selected by the Employer and monitored by the Provider. Offered through independent fund outlets such as Charles Schwab.
Investment Funds Offered Selected by Employer from Provider Sponsored Funds. Selected from over 500 funds. Employer can offer funds desired for investment objectives of participants.
Reporting and Expense Prepared by provider with single source expenses. Prepared by TPA with expense split between TPA and fund managers.