Products February 11, 2004
CA Firm Offers K Plan Savings Calculator
February 11, 2004 (PLANSPONSOR.com) - Plan sponsors
trying to demonstrate the potential tax advantages of 401(k)
savings plans to employees now have another tool to use in
accomplishing that task.
Reported by Fred Schneyer
PaycheckCity.com, a Los Angeles-based payroll services company, offers a series of calculators on its Web site, including one for 401(k) deferral decisions, which can be used to show employees how much they will save in taxes by increasing their retirement savings.
The calculator is designed to allow the user to determine all state and federal tax, retirement, and benefit deductions that can be taken from a paycheck, a company announcement said.