A 401k/1165e/1080.01d retirement plan allows employees to make contributions before or after taxes through a payroll deduction agreement.

Employer does not have to contribute to the plan, but can match the amount or make separate contributions.

Tax savings – Employer can deduct contributions as a business expense

Low risk – Fiduciary liability is reduced because it is the employees' decision to invest and Oriental Bank and Trust is the trustee

Better labor relations – Helps recruit, retain and motivate good employees and fosters good labor relations

Flexibility – Designed to fit specific company needs. Employer has the option to contribute, has the option to match employees' contributions and can also determine time stipulations for employee to have rights over employer contributions.

Tax savings – Employee reduces his or her tax obligations¹.

Asset accumulation has tax payment deferment – All contributions to plan have a tax deferment until retirement.

Convenience - Contributions are automatic through payroll deductions.

Flexibility – Employee can choose the type of investment that best fits his or her needs and can also change the amount to contribute, if he or she so desires.

Higher contributions – The plan allows a contribution as high as $10,000 per year.