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Services for Business Retirement Plans
Establishing & Managing Business Retirement Plans
Whether you're a human resources manager, an owner of a closely held business or self-employed, establishing and managing a retirement plan is critical for the future of the business, your employees and yourself.A Wide Range of Business Retirement Plans
With a wide range of retirement plans to choose from, finding the right retirement plan for your business can be confusing. Factors you should consider when selecting a retirement plan include:• Tax benefits for the business
• Administration expenses
• Level of difficulty in implementation
• Reporting requirements
• Benefits for employees
• Type of contributions (e.g., employer-funded, employee salary deferral, etc.)
• Which employees are to be benefited (all employees, key/select, older, etc.)
Be sure to involve your Financial Advisor, professional tax advisor and attorney when selecting a business retirement plan.
Types of Business Retirement Plans
Regardless of the type of organization, whether a corporation, partnership, S corporation, sole proprietorship or LLC, a variety of business retirement plan alternatives is available to you, including:|
• Defined benefit plan |
• SEP IRA |
• Owner-only 401(k) |
• SIMPLE 401(k) |
• Profit sharing plan |
• SIMPLE IRA |
• Safe Harbor 401(k) |
• Traditional 401(k) |
Our Business Retirement Plan Services
Based on the needs of your company and its employees, we can help you determine which business retirement plans your business is eligible for as well as work with you and your professional tax and legal advisors to help you understand the advantages and disadvantages of your available choices. We'll also help you evaluate:• Plans that meets your organization's needs
• Plan administrators to handle the day-to-day record keeping and administration for the plan
• Investment structures that can offer your participants a variety of investment alternatives
In addition, we offer a variety of group retirement services, such as employee benefit trust services and employee education services. Ask your Financial Advisor for more information.