Our company has developed a comprehensive set of employee benefit programs to supplement our employees’ regular wages. Our benefits represent a hidden value of additional income to our employees.
● New Year’s Day
● Presidents Day
● Memorial Day
● Independence Day
● Labor Day
● Thanksgiving Day
● Day After Thanksgiving
● Christmas Day
A few more benefits of working at EPI:
Tax Benefits: When you contribute to your company’s traditional 401(k) plan, your contributions come out of your pre-tax income, lowering your taxable income and reducing your tax bill. The money you invest can also grow without being taxed immediately, a concept known as tax-deferred compounding. Our chart illustrates the difference in taxes and take-home pay between a 401(k) plan and a regular savings account.
Tax-Deferred Growth: Consider the chart on the right, which compares the growth of $100 per month in a tax-deferred retirement account versus a taxable account. The tax-deferred account will be subject to income taxes upon withdrawal. If your employer offers a Roth 401(k), you can contribute post-tax payroll deferrals, and qualified plan withdrawals are tax-free in retirement. Your summary plan description will specify this option. To determine your savings goals and how much you can contribute, consult with a financial advisor. You can adjust your deferral amount throughout the year as needed.
Dreaming of Retirement? Ensure your dreams, whether they involve travel, quality family time, or part-time work, become a reality by saving strategically. Planning for tomorrow today is key to reaching your retirement goals, and your company-sponsored retirement plan is a great place to start.
Longer Lives, Bigger Savings With longer and healthier lives, it’s crucial to save enough for a lifetime of financial security. Traditional retirement sources like social security, pensions, and annuities don’t keep up with inflation. Social security is designed as a supplement, leaving nearly 60% of your retirement income up to you. Smart planners diversify income for long-term stability.
Early Investment = More Savings Begin investing early to significantly boost your retirement savings. The sooner you start contributing to a retirement savings plan, the better your chances of growing your investments over time. Plan ahead for a secure and fulfilling retirement.
10150 Meanley Dr.
San Diego, CA