The Safe Harbor 401(k) Plan allows eligible employees to contribute a portion of their own salary to a retirement plan. Salary deferrals can be pre-tax contributions (excluded from income for federal income tax purposes) or Designated Roth Contributions (after-tax contributions and qualified distributions can be tax and penalty free). Employers contribute either matching or non-elective amounts to the retirement plan on behalf of eligible employees. A safe harbor 401(k) plan may help you with recruiting and retaining the best employees.
Comparison of plan features and benefits
Securities distributed by State Farm VP Management Corp.
Securities are not FDIC insured, are not bank guaranteed and are subject to investment risk, including possible loss of principal.
Neither State Farm nor its agents provide tax or legal advice.
State Farm VP Management Corp. is a separate entity from those State Farm entities which provide banking and insurance products.
Automatic investment plans do not assure a profit or protect against loss.
Not FDIC Insured