If you want an effective, flexible plan that can help meet your employees’ savings objectives, and a plan that does not consume an excessive amount of your time and resources-you have come to the right place.
As a fiduciary, your duties can be significant. By utilizing our resources and knowledge, we have the tools that can help you better understand and manage them. At this stage you may know why you need a company retirement plan. If after reviewing our services you have additional questions please contact us and we will be happy to provide you many more details.
Our staff of trained professionals assists you in every step of the process. Our goal is to develop a relationship not just a sale. Your satisfaction is our ultimate goal.
Company retirement plans are designed to attract and retain talented individuals to your organization. One of the hurdles to cross in establishing a savings plan for your employees is “which plan is right for me?” As an employer you have many choices and being provided the information to make the right choice is crucial. There are a few questions which need to be answered to narrow down the field, the starting point is:
- Do I want to provide a retirement benefit without any employee contribution?
OR
- Do I want to provide the retirement benefit with the employees’ contribution?
THEN
- Do I have fewer than 100 employees and want to make a company contribution?
- Do I want to include employees who work less than 1000 hours per year?
- Do I want contributions to vary according to company profits and be paid immediately or in retirement?
- Do I want employees to defer their current income in a tax deferred account?
- Do I want to provide matching contributions?
- There are retirement plans that offer tax benefits to both your business and your employees’.
In plans where employee contributions are allowed, they are made pre-tax, meaning your workers will get an immediate tax break, and no taxes are collected on the plan money until the worker makes withdrawals. On the company tax side, employer contributions are deductible. Also, small businesses may be able to claim a tax credit for part of the ordinary and necessary costs of starting a retirement plan. If it's time for your company to think about retirement plans more seriously contact us about these and other options.
Your options that you have