|
Managing wealth with professional strategies 401K Profit Sharing Plan
Our Story In 1994 BenefitStreet began under the name American 401k Services. As a third party administrator in the pre-web era, the firm's workflow was paper-based, and contact with the clients and their employees occurred over the phone and in person. BenefitStreet saw the potential of the Internet, and in 1998 began to transfer the firm's accumulated benefits expertise to the web. Today BenefitStreet operates as an Applications Service Provider, or ASP, delivering online benefit 401k and Section 125 Cafeteria Plans via the web to businesses across the United States. Our Service
At BenefitStreet we have figured out how to use high-tech to deliver affordable Fortune 500-quality benefit plans to businesses of any size - while maintaining the high standards for service we developed as a brick and mortar firm. Product Overview To help your company attract and retain the highest quality employees, BenefitStreet offers you a wide range of attractive benefits programs:
401k Plans 401k Plans have become nearly synonymous with a company retirement plan. They are a low-cost solution to providing a visible and appreciated retirement benefit to employees. 401k Plans offer employees a real opportunity to participate actively in saving for retirement on a pre-tax basis.
While investing in a market that is very high or falling may not seem the best idea, having contributions payroll-deducted offers you an investment strategy. Dollar cost averaging is when you invest the same amount of money each month regardless of market conditions. This is exactly what you do when you contribute to a 401k. Instead of trying to time the highs and lows of the market, you are continually and systematically investing a specific dollar amount in one or more investments at regular intervals.
401k Plan Advantages A 401k is a low-cost means of providing a visible and appreciated retirement benefit to employees. It offers employees a real opportunity to participate actively in saving for retirement on a pre-tax basis up to $11,000 (Plan year limit for 2002).
Non-tax reasons for adopting a qualified retirement plan:
Introduction To Asset Class Selection Studies demonstrate that asset allocation among the broad global asset classes available is by far the major determinant of the risk -- and the rewards -- within your investment portfolio. What do we mean by asset allocation? It means taking your investment "pie" and assigning appropriate slices to the major investment categories. An asset class is a group of assets with similar risk characteristics. Asset classes can be as broad as fixed income/cash (or its equivalent, such as a bond, money market fund or Treasury bill) versus stocks.
Asset Allocation of Investment Dollars By implementing a systematic, global allocation of your investment dollars, you can actually reduce the risk within your overall portfolio while maximizing the returns you can expect to receive. This is also known as diversification.
Plan Administration
1605 N. Convent Bourbonnais, IL 60914 Phone (815) 935-6636 Fax (815) 935-0360
|
|||||||||||||||||||||||||||||||||||||||||||||
Some Internet firms will only interact with customers over the web, an approach that we believe is doomed from the start. At BenefitStreet we know that real people need fast answers to real questions. Most of the time plan participants can be served best over the web, but on certain occasions plan participants need to talk to a real live Benefits Specialist over the phone. That is why, in the midst of our firm's rapid growth, we have determinedly stepped up our effort to hire and train new Benefit Specialists who can help our clients and employees in ways that only another human can. 
A qualified retirement plan is one of the best tax shelters available. The company is allowed a current deduction for its contributions to the plan; the employee pays no tax on money contributed and earnings from investments accumulate tax-free.
Asset classes can also be more narrowly defined: 
For you, we deliver:
For your employees, we make investing easy: