Build a secure future with a strategically designed retirement plan.
Whether it’s for yourself or your employees, investing for retirement requires a plan. Make time work for you, not against you, by creating and funding a strategically sound investment plan for retirement today. The right retirement plan can give you a competitive edge in recruiting and retaining top-performing employees.
We can help you by:
- Designing a comprehensive benefits program that integrates your benefits with the company's business strategy, compensation, and human resource needs, while also meeting the needs of your employees
- Designing, implementing, and monitoring a company retirement plan that fits your needs
- Providing Fiduciary and investment services to assist through all stages of the process and ensure fiduciary obligations are met for your plan’s investments
- Finding the best healthcare plan for your business
- Communicating your employee benefits effectively and educating your employees about your plan structure, investments, and employee benefits
We offer a range of options for benefit planning that can be tailored to your specific needs.
401(K) Plan
A 401(k) plan is designed to help employees save for retirement while also offering considerable advantages and benefits to the employer. Regardless of a company's size, establishing a 401(k) plan can be a win-win for both the business owner and their employees.
401(k) Benefits to Employer:
- Can deduct contributions on the business’s federal income tax return, to the extent that the contributions do not exceed certain limitations
- Investment gains and elective deferrals are tax-deferred until they are distributed
- Various Business Tax credits with amounts pending qualification.
- Allows business owners to attract and retain top talent in their industry and reduce employee turnover
401(k) Benefits to Employee:
- Provides employees the opportunity to save pre-tax money that grows tax-deferred
- While employers are not required to contribute, they have the option to contribute a certain dollar amount, regardless of the employee's salary, or they may match a percentage of the employee's contributions up to a set portion of the employee’s salary.
403(B) Plan
A 403(b) plan is designed for tax-exempt organizations and public school systems. The features of a 403(b) plan are similar to those of a traditional 401(k) plan.
Simple 401(K) Plan
A SIMPLE (Savings Incentive Match Plans for Employees) 401(k) is designed to be a cost-effective retirement plan for businesses with 100 employees or fewer. A SIMPLE 401(k) works similarly to a traditional 401(k), but as the name implies, it is a simplified version with no start-up or ongoing administrative costs. The employer has the option to annually match employee contributions up to 3% or make a non-elective contribution of 2% of each eligible employee’s annual salary.
Solo 401(K) Plan
A Solo 401(k) is a retirement plan designed for business owners or self-employed individuals with no full-time employees (apart from a spouse) who want to increase their retirement savings significantly. In many ways, a Solo 401(k) is similar to a traditional 401(k); however, the owner participates as both employer and employee. This allows the owner to set aside more money each year than they would be able to under a standard 401(k) or other small business retirement plan.
SEP IRA Plan
SEP (Simplified Employee Pension) IRAs are tax-deductible retirement accounts designed to benefit self-employed individuals and small business owners. Plans are funded solely by employer contributions. A SEP IRA allows for higher tax-deductible contributions, tax-deferred growth, simple account maintenance, and flexible contribution schedules. Any size or type of business can benefit from this flexible, simple retirement plan.