When employees feel supported in planning for their future, morale rises. Offering a retirement plan shows your team that you are invested in their long-term well-being.
401(k) 403(b), Pension Plans
What Are 401(k), 403(b), and Pension Plans?
Employer-sponsored retirement plans—like 401(k), 403(b), and traditional pension plans—are essential tools for helping employees build long-term financial security. These plans allow workers to contribute a portion of their income toward retirement on a tax-advantaged basis, while also giving employers the opportunity to match contributions and reduce taxable income.
401(k) Plans are common in the private sector, offering pre-tax (and sometimes Roth) savings options.
403(b) Plans are typically used by public schools, non-profits, and religious organizations.
Defined Benefit Pension Plans provide guaranteed income in retirement, though they are less common today and require more actuarial and compliance oversight.
Properly structured and maintained, these plans can become a core part of your company’s compensation strategy—offering real value to your team while reinforcing your commitment to their long-term success.
Planning for Retirement
Why Employer Retirement Plans Matter
Offering a retirement plan is more than a financial obligation—it is a strategic advantage in a competitive labor market like Northern New Jersey. Here is why these plans are so impactful:
Boost Employee Retention and Satisfaction
Tax Benefits for Employers and Employees
Contributions to retirement plans are generally tax-deductible for employers, and employees benefit from tax-deferred or tax-free growth (depending on the plan structure).
Attract Top Talent
Competitive retirement benefits are a major consideration for professionals evaluating job offers. A well-managed 401(k) or pension plan can set your company apart.
Demonstrate a Culture of Financial Wellness
More companies are investing in the financial literacy and empowerment of their teams. Retirement plans—and the education that comes with them—signal leadership and care.
Retirement Planning with Purpose
Why Partner with EBNY Financial?
At EBNY Financial, we specialize in designing, implementing, and maintaining retirement plans for small and mid-sized businesses, nonprofits, and professional service firms across Northern New Jersey.
When you partner with us, you receive:
Plan Design & Customization
We help tailor 401(k), 403(b), or pension solutions that align with your business structure, industry, and goals—whether you are looking for a simple Safe Harbor 401(k) or a complex DB/DC combo plan.
Fiduciary Guidance & Compliance Support
Our team helps ensure your plan is not only effective but compliant with regulations, reducing your administrative burden and liability.
Fiduciary First
We always act in your best interest, helping you make informed decisions without sales pressure or product bias.
Employee Education & Engagement
We do not just set up the plan—we help your employees understand it. Our on-site or virtual workshops ensure your team is making the most of your benefit offerings.
Local Expertise, Personalized Service
With deep roots in Northern New Jersey, we understand the needs of local businesses. Whether you are based in Ridgewood, Paramus, Chatham, or Montclair, we offer hands-on support and financial strategies you can trust.