Welcome to Tri-State 401(k) Administrators
Tri-State 401(k) Administrators is a qualified retirement plan administration firm. We act as the third party administrator for the Plan Sponsor providing a full array of retirement plan services. These services include plan design, contribution and vesting calculations, employee communications, compliance testing and preparation of the government form 5500 and the Summary Annual Report.
We are known for our competitive pricing as well as our timely service. We are committed professionals who take the time to give personal service to the employer as well as to the plan participants. We work with investment professionals who provide on-going education as well as daily valuation and online account internet access to the participants.
America's most predominant workplace retirement plan enables you to save on a tax-favorable basis. It's an opportunity of which everyone should take advantage.
A 401(k) is an employer-sponsored retirement plan that's funded by employee contributions. These contributions are deducted directly from your paycheck. Many companies match contributions up to a certain percentage of salary. Most employee contributions are pretax and grow tax-deferred until withdrawn, but some plans allow after-tax contributions.
As of January 2006, employers can offer Roth 401(k) plans, which are funded with after-tax contributions. As with the similarly named Roth IRA, the money in a workplace Roth account grows tax free and can be later withdrawn on a tax-free basis.