PA TRAVEL NURSES - Travel Nursing Agency for Registered Nurses seeking jobs in the Philadelphia area and in the state of Pennsylvania

Pennsylvania Travel Nurses - Nursing Jobs in Philadelphia and other cities in Pennsylvania.
PA Travel Nurses - Travel Nursing Agency. RN Jobs for the Travel Nurses in the state of Pennsylvania.

PA Travel Nurses - Travel Nursing Agency. RN Jobs for the Travel Nurses in the state of Pennsylvania.

BENEFITS - 401 (k) Plan

What is a 401 (k) Plan ?
A 401 (k) Plan is an employer sponsored retirement program allowed under Section 401 (k) of the Internal Revenue Code (IRC). Generally under this type of program, employees are provided with the opportunity to defer part of their salary on a pre-tax basis. At times, these arrangements also allow for different forms of employer contributions that are also used to supplement employee savings for retirement.
What are the benefits of a 401 (k) Plan versus other retirement plans ?
401 (k) plans offer the following benefits: higher contribution limits, contributions on a pre-tax basis (up to the IRS limit), vesting schedules for employer contributions, pre-retirement access to account assets through loans.
What are the tax advantages ?
Participants in the 401 (k) Plan can reduce their current federal and, in most cases, state and local taxes by making contributions on a pre-tax basis. Account assets can grow tax-deferred until withdrawn, which can help participants accumulate substantially more than they would in a comparable taxable investment. In addition, any contributions the company makes to your employee's accounts are generally tax deductible as a business expense.
What investment options are available ?
PA Travel Nurses offers a wide array of investment options. A variety of mutual funds are available, ranging from conservative bond funds to aggressive growth and international funds. For those who do not wish to participate in the market, PA Travel Nurses also provides a Money Market fund, similar to a cash account. PA Travel Nurses uses on of Americas largest full-servuce retail brokerage firms for its 401 (K) Plan.
How do pre-tax contributions work ?
Each payroll period, the amount the employee has elected to contribute to the plan is automatically deducted from the employee's paycheck and deposited to the plan by PA Travel Nurses. The amounts deferred by the employee are subject to FICA and FUTA taxes. However, they are not subject to Federal, State, or local income taxes, except in Pennsylvania. Therefore a 401 (k) Plan is an ideal way for an employee to reduce his or her taxable income while saving for retirement. Earnings on contributions to the plan also accumulate on a tax-deferred basis.
What are the limits on the amount of contributions to the Plan ?
Individual employees are subject to two limits. One is strictly on salary deferrals, which cannot exceed $16,000.00 - as of 2010 - (indexed annually) for a calendar year. The other limit is on the aggregate of all contributions (deferrals, matching, profit sharing, along with any reallocated forfeitures) allocated on the employee's behalf.

Nursing Continuing Education - Educational Resource for Nurses.