If you’re reading this section, you may be asking: Why a 401(k) anyways? Well, look no further! The answers to your 401(k) questions are right here.

These are some of the excuses that people have for NOT putting a 401(k) plan into place and why they just aren’t valid investments. Click on your excuse and we’ll bust it!

• 401(k)s are too expensive

• 401(k)s don’t really have an impact on my taxes

• 401(k)s aren’t flexible

• 401(k)s don’t help my company’s bottom line

• 401(k)s are difficult to set up and maintain

401(k)s are too expensive

With new technology, 401(k) plans are now affordable for small businesses. Plus, the government gives small businesses a $500 tax credit for setting up a 401(k) plan. The Online 401(k) offers a choice of affordable pricing packages.

401(k)s don’t really have an impact on my taxes

Both the operating expenses of your 401(k) plan and the employer contributions (if you decide to do a match) are tax-deductible, taking a chunk out of your tax bill. And your employees can lower their income taxes and take advantage of tax-deferred compound growth. Finally, you can contribute more to a 401(k) plan compared to other retirement savings vehicles – in 2008, the contribution limit for 401(k) plans is $15,500 (plus $5,000 for catch-up contribution). This compares quite favorably to the $10,000 limit (plus $2,500 catch-up contribution) for a SIMPLE.

401(k)s aren’t flexible

The Online 401(k)’s online platform makes it possible to offer small businesses a 401(k) plan that can be customized to your company’s needs, making it an ideal plan for small and growing businesses. In addition, 401(k) accounts are portable! This means that if your employees change jobs they can take their 401(k) balance with them and roll it into a new 401(k) or even into an IRA.

401(k)s don’t help my company’s bottom line

Training and recruiting new employees takes time and money. A 401(k) is one of the benefits that will help you lure in new hires and improve your employees’ morale and job satisfaction, leading to less turnover! Employees who feel appreciated tend to care more about their job, and as a result they work harder. It’s true: If you’re good to your employees, they’ll be good to you. Words to live by. The Online 401(k) shows you care.

401(k)s are difficult to implement and maintain

A simple payroll deduction adds to retirement savings every pay period and setting up your plan is a snap. While it takes some 401(k) providers months to get your 401(k) up and running, we do it in less than three weeks for new plans. With The Online 401(k), you get quick, easy set-up and flexible options — all in one place.