Retirment Accounts
From IRAs to 401ks, SEPs and Simple Plans: Retirement accounts are the core savings accounts for many investors. Whether you are a individual or a business, we have the right plans for you. Please reach out to us to learn which plan benefits you best.
We also Offer Business Services.
In addition to Retirment Plans we offer a host of other business solutions. From Cash Management Services to Buy Sell Agreements and Deferred Compensation and Key Person Insurance.
Retirement Plans considerations
A quality retirement plan ranks as a top priority when it comes to retirement candidates considering potential employers. In helping
you select from a broad range of plans, we will tailor a strategy that matches your company size, compensation structures, and culture, reinforcing recruitment efforts and helping boost the overall satisfaction of talented employees. Plus, many employer-sponsored plans can offer significant tax advantages to the company. We will work with you to arrange additional services, such as education and enrollment seminars, that will help give all personnel a thorough understanding of their retirement plan. There are numerous choices when selecting the best retirement plan for your business. Following is an overview of four of the most frequently used plans, but this is by no means an exhaustive list. We offer a broad array of options,
and if one of the following is not right for you, we will work with you to find the one that is.
crafting successful plans Creates endless possibilities.
A few popular plan types are described below, please contact us to see which plan is best for you.
SEP IRA
A simple and relatively inexpensive way for sole proprietors and smaller businesses to offer a retirement plan. There are no mandatory or minimum contributions, and funding is provided by the employer only. If you have employees, you may be required to contribute for them as well. As the business, owner you can deduct contributions from your company’s federal taxable income.
Simple IRA
This plan offers minimal costs and administration. SIMPLE IRAs are funded by employee and mandatory employer contributions. Employers have a choice of matching dollar-for-dollar up to the first 3% of employee pre-tax contributions or matching 2% of compensation to all eligible employees. Simple IRAs work well for companies with 25 or fewer employees. As the business owner you can deduct employer contributions from your company’s federal taxable income.
Solo 401k
The Solo 401(k) may be a good option for the small business owner, with no employees, who is looking for an inexpensive way to save more money than most other retirement plans allow. You can contribute using a combination of salary deferrals and profit
sharing with no mandatory or minimum contributions. Spouses and equal business partners are also eligible to participate. You may choose to allow a Roth 401(k) salary deferral within the plan. As a business owner, you can deduct contributions for yourself and your
partner from your company’s federal taxable income.
401k
The 401(k) is the most commonly used employer-sponsored
retirement plan, becoming increasingly affordable and more widely used by businesses of all sizes. It’s a flexible plan offering the highest level of employee pre-tax contributions, a wide range of employer contribution options, and an optional loan provision. It works well for companies with 10 or more employees who want to start a new plan or transfer an existing plan. Employers may
choose to allow Roth 401(k) salary deferrals within their plan. As the business owner, you can deduct employer contributions from your company’s federal taxable income.
Empowering Clients, Enriching Futures
products that manage
your retirement needs.
Providing detailed information so you can make educated decisions. Insurance and Investment products are changing all the time and often are becoming more complicated. Helping you navigate these products so you can make the best decisions for your family is one of our many commitments to you.
A Few of The Many
Products We Offer:
