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As a business owner,
sponsoring a 401(k) plan gives you and your employees
a valuable savings benefit for your retirement.
401(k) plans have far surpassed defined benefit pension plans
as the preferred retirement vehicle for many employers.
There are great tax advantages when you sponsor a 401(k) plan.
Employees can share in saving for their retirement
by contributing salary deferrals,
and money in the plan grows tax-free.
It's a win-win situation.
To get these tax benefits, however,
you need to understand the rules.
Good news.
The IRS offers free resources, tools, and information
about the rules related to 401(k) plans
at www.irs.gov/ep.
So check out these free resources,
including the 401(k) Checklist and 401(k) Fix-It Guide
to help you properly operate your plan.
You might want to mark www.irs.gov/ep
as one of your favorites on your Web browser
so you can get the help you need
to keep your 401(k) plan running smoothly.