RPG Consultants offers full-service administration and recordkeeping for 401(k) and 403(b) retirement benefit plans. We can act as your TPA (Third-Party Administrator), Recordkeeper or both. 401(k) plans give employees the ability to deduct pre-tax (or after-tax ROTH) dollars from their wages and apply them to their tax-deferred retirement accounts. Employers have the ability to make contributions that are tax deductible to the Company, provide a retention benefit for employees, and help meet their own retirement goals as well. We help Plan Sponsors determine whether the Plan serves the goals and objectives of the Owners and Key Executives, and whether it is cost-effective for the Company and its Employees.

What is the difference between a 401(k)/403(b) plan?
A 401(k) plan is a retirement plan that is offered through an employer. It is the most common kind of defined contribution retirement plan. A 403(b) is very similar to a 401(k) but was, historically, offered to employees of tax-exempt organizations. Recent changes to the rules of 403(b) plans has led even non-profits to offer 401(k) plans instead.

Types of 401(k) Plans:
401(k) contributions can be made as traditional deferrals or as Roth after-tax deferrals where the taxes are paid on the contributions and not on the withdrawals. See HERE for more details.

For more information regarding 401(k) or 403(b) plans and how they can benefit your business, please contact RPG Consultants at 212-947-4800 or click here.