401(K) Plans

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Enhance Employee Engagement and Reduce Turnover

401(k) plans offer substantial benefits for both employees and employers. Employees enjoy tax advantages through pre-tax contributions and tax-deferred growth, as well as potential employer matching contributions that boost their savings. Automatic payroll deductions simplify the saving process, and a variety of investment options allow for personalized retirement planning. For employers, offering a 401(k) plan helps attract and retain talent, provides tax deductions for contributions, and can enhance employee engagement and reduce turnover. Additionally, employers benefit from the flexibility to customize the plan to align with company goals and employee needs.

 

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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Salem Five Bank and Salem Five Investment Services are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using the name Salem Five Investment Services, and may also be employees of Salem Five Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Salem Five Bank or Salem Five Investment Services.


Securities and insurance offered through LPL or its affiliates are:

  • Not Insured by FDIC or Any Other Government Agency
  • Not Bank Guaranteed
  • Not Bank Deposits or Obligations
  • May Lose Value

The Salem Five Investment Services site is designed for U.S. residents only. The services offered within this site are offered exclusively through our U.S. registered representatives. LPL Financial registered representatives associated with this site may only discuss and/or transact securities business with residents of the following states: AL, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, NC, NH, NJ, NY, OH, OK, OR, PA, RI, SC, TX, UT, VA, VT, WA, WI, WV.