Koss Construction Company provides a complete benefit package for our employees which include:

Comprehensive Medical, Hospitalization, Prescription Drug and Dental Coverage
Life Insurance
Long-Term Disability Income
Retirement Program. Click here to view Summary Plan Description.

• 401K Employee Deferral

• 401K Roth Employee Deferral

• Safe Harbor Match

• After Tax Saving

Why is Investing in a 401(k) so Important?

According to the Social Security Administration, a retiree may need to provide 60% of their retirement income while in retirement.  401(k) plans can help individuals fulfill their retirement income needs.

• 401(k) plans provide tax savings opportunities through salary deferrals.  Contributions and earnings grow tax-deferred in a 401(k) plan.

• Koss currently makes a matching contribution to the participants that are in the company’s 401(k) plan.  This is “extra money” just for participating in the 401(k) plan!

• 401(k) retirement plans offer an easy and convenient way for a person to begin a disciplined savings approach.  The pre-tax or after-tax salary deferrals can be established without much effort or paperwork.

• A 401(k) plan gives a participant access to quality investment options to help them meet their retirement goals.

The Role of Time in Investing