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 Wealth Advisors are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using the name Salem Five Wealth Advisors, 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 Wealth Advisors. 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 LPL Financial registered representatives associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.

Salem Five Bank provides referrals to financial professionals of LPL Financial LLC (“LPL") pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. Salem Five Bank is not a current client of LPL for advisory services.

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