Any business owner or manager understands that employees are key to the success of a business. Sponsoring a retirement plan for your employees will be a determining factor in attracting and retaining a productive work force.
Advantages range from tax-deductible business expenses to tax-deferred savings on all contributions. Our innovative services give businesses the opportunity to offer their employees retirement benefits without administrative headaches.
• 401(k) is one of the best retirement investments available. It’s a type of personal pension plan offered by employers. Most employers who offer 401(k) plans match a percentage or fixed dollar amount of the money that employees contribute.
• Payroll Direct Deposit allows businesses to electronically transfer payroll payments to each employee's account at any bank via ACH, allowing you to avoid the cost of issuing or reprinting checks. Government studies estimate that more than four million paychecks are lost or stolen each year. Not only do employees appreciate the safety and convenience of direct deposit, but employers benefit from a boost to their bottom line.
• Cafeteria Plan is an inexpensive addition to the employee tax benefit plan. Employees can elect to pay medical insurance premiums, out of pocket medical expenses, and dependent care expenses with pre-tax dollars.
• SEP IRA is a Simplified Employee Pension (SEP) plan. Actually, it could be considered a hybrid between an IRA and a defined contribution plan (profit sharing, etc.). Since a SEP is considered to be a type of business retirement plan, it helps to think of a SEP as a collection of IRAs that can accept contributions from an employer.
• SIMPLE IRA is a Savings Incentive Match Plan (SIMPLE). This is an inexpensive, flexible, easy to administer retirement plan that can accept employee deferrals and a required employer matching contribution.
• Trust Services is a highly specialized management team that assists in the development of investment strategies and estate plans. Based upon your personal income needs, desired asset growth, income tax status, and portfolio risk tolerance, we can design a comprehensive financial package adaptable to individualized estate and retirement goals.
