NAWT Sponsored
Association 401(k) Plan
 
 
1.      Takes the complexities out of providing an employer run 401(k) plan.
 
2.      Provides employees with more plan alternatives, features, and flexibility.
 
3.      Provides convenience and cost-effectiveness.
 
4.      Provides professional assistance with plan design and IRS requirements.
 
 
 
What is a 401(k) Plan?
 
     A 401(k) plan is a company sponsored qualified retirement plan in which contributions are deducted from an employee’s paycheck before taxes are withheld. Contributions and earnings in a 401(k) plan are not subject to federal and most state income taxes until the funds are withdrawn.  401(k) plans can be employer and employee funded or employee funded only. 
 
  
SEP, SIMPLE, and 401(k) Comparisons
 
     SEP retirement plans are exclusively funded by the employer. They are easy to set-up and maintain, but they have no employee contribution or loan options.  
 
     SIMPLE retirement plans are funded by both the employer and employee. They are simple to set-up, have low administrative responsibilities, and no minimum employee participation limits, but they have relatively low maximum contribution limits and no loan options. 
 
     401(k) retirement plans can be funded by both the employer and employee or exclusively by the employee. They have more options and flexibility to maximize annual retirement contributions, a tax-free loan option, and catch-up contribution provisions, but they potentially have greater administrative responsibilities and costs.
 
      If a 401(k) Plan was not a company option, due to its potential complexity and cost, let NAWT help you make this demanding, cluttered marketplace a convenient, cost-effective world where you have the peace of mind that comes with assistance from retirement plan experts.      
 
Professional Help
 
     401(k) plans can shelter more money than comparable SEP or SIMPLE plans; let the professionals show you how by providing:
 
     The Professionals at EBSC will help you match real needs with real solutions. Not only do they provide quality administrative support, but they take pride in going above and beyond to make your job easier. In addition to the standard plan services, their programs include:
 
 
 
NAWT Endorsement
 
     NAWT is dedicated to actively seeking new innovative solutions to alleviate the increasing demands on our members – but if it does not generate value for our membership, its application is irrelevant. We are committed to this new Plan because it offers our membership. . . 
 
Contact our Association Office
or our
Third Party Administrator
to answer your questions:
 
 
EBSC
Your Employee Benefits Partner
320-251-0034
 
940 Industrial Drive South
Suite 111
Sauk Rapids, MN 56379
 
Phone: 320-251-0034
Fax: 320-251-0340
E-mail: info@EBSC-online.org
Or submit your inquiry electronically...
 
Do you currently have SEP/SIMPLE in Place? Yes No
 
Number of Employees
 
Which of the following are more important?
 
                 To "max-out" the retirement savings for the owners
 
                  To give a benefit with more choice to the employees
 
Do you have family members involved in your business?    Yes No
 
If yes, who (i.e. spouse, children, etc.) 
 
                  Name:   
Company Name: 
                  Phone: