Benefits of Participating in Your Employer’s Retirement Plan

Why should you enroll in your employer’s retirement plan?

Did you know…

• That retirement can last for 30 years or more?
• That a common rule to follow is that a retiree will need up to 80% of his/her annual income today to retire comfortably?
• That the average benefit amount paid monthly by the Social Security Administration is $1,177?

Employee Benefits

• Tax on employee and employer contributions is deferred until distributed.
• Investment gains in the plan are not taxed until distributed.
• Retirement assets can be carried from one employer to another.
• Contributions can be made easily through payroll deductions.
• Saver’s Credit is available.
• Flexible plan options are available.
• Better financial security at retirement.