What are the tax savings of a qualified retirement/cafeteria plan?

Implementation of a Qualified Plan and/or Section 125 Cafeteria Plan can result in significant tax savings and benefits to both the employer and employee. Use the following calculator to estimate the potential savings generated by implementing one or both of these plans.


Input
Average employee gross pay per period ($)
Average employee state and federal tax rate: (%)
Average employee post-tax retirement savings ($)
Average employee post-tax expenses ($)
Keep same net take-home pay?
Employer match on qualified plan ($)
Total number of eligible employees

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This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.