INVESTMENT

BrimzStonez will offer an employer match 401k program. 

What Is A 401(K) Plan?

A 401(k) plan is a tax-qualified plan under which employees can elect to have a portion of their pay contributed to the plan on a pre-tax or after-tax Roth basis. These plans are intended to help employees meet long-term objectives, such as generating retirement income.

Some advantages of participating in a pre-tax 401(k) plan are:

• Your contributions and any earnings are tax-deferred
• Your money has the potential to grow with the power of time and compounding. 
• You may be eligible to take a tax credit (Saver’s Credit) for contributions to your account
• You can begin taking withdrawals at age 59½, regardless of your employment status
• You may be able to take a hardship withdrawal, if your situation meets certain qualifications
• You may be eligible for a loan.