Why 401(k)? - 401(k) Plans

The Plan

Take Home Pay

The Match

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(k)Check Calculator

Why should I contribute to a 401(k) retirement savings plan?

Reason #4:
Interest and earnings on your account accumulate on a tax-deferred basis.

"What will this mean to me now -- and in the future?"

Your participation and choices depend on your ability to get answers to that question. Individual benefits statements don't do the job: they serve as informational records, and as an after-the-fact documentation of choices. (k)check provides you the answers.

immediate tax savings each pay period at specific percent deductions
take home pay after pre-tax contributions to the plan
how many dollars an employee will be "ahead" each pay period
projected future values of an employee's specific percent deduction

Dont wait. Start today. The longer you wait, the more money you leave on the table.

Here's an example of what can happen when you start to save now, invest wisely and take control of your retirement future.

View the example below.

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Deferral %	0%	5%	8%	10%
Gross Pay	$35,000.00	$35,000.00	$35,000.00	$35,000.00
-Pretax Deferral	$0.00	$1,750.00	$2,800.00	$3,500.00
Taxable Gross Pay	$35,000.00	$33,250.00	$32,200.00	$31,500.00
-Section 125	$0.00	$0.00	$0.00	$0.00
-Social Security	$2,677.50	$2,677.50	$2,677.50	$2,677.50
-Federal Tax	$5,146.00	$4,673.00	$4,390.00	$4,201.00
-State Tax	$1,182.28	$1,043.32	$980.32	$938.32
Take Home Pay	$25,994.22	$24,856.18	$24,152.18	$23,683.18

Deduction From Net Pay	$0.00	$1,138.04	$1,842.04	$2,311.04
+Tax Savings	$0.00	$611.96	$957.96	$1,188.96
+Match	$0.00	$1,750.00	$2,800.00	$3,500.00
=Total Contribution	$0.00	$3,500.00	$5,600.00	$7,000.00

You're Ahead By

$0.00

$2,361.96

$3,757.96

$4,688.96

Cost of Waiting 1 Year

$0.00

$35,219.30

$56,350.88

$70,438.60