Small Business Retirement Plans and Benefits
Business services include the design and administration of qualified plans, as well as non-qualified plans designed to reward owners and key employees - such as deferred compensation, life insurance, private pension plans, among others.
Sponsoring a retirement plan is one of the best ways business owners can reward employees with an important benefit program while, at the same time, providing tax advantages to their business. Additionally, retirement plans can be one of the keys to the future financial security your employees will enjoy during their retirement.
All retirement plans are not alike, but there is a plan that is right for your business. We can help you with the many considerations in selecting your plan, such as:
- The nature of your business
- The level of benefits you wish to provide
- The level of contributions you wish to make
- The number and levels of employees at your company
Business Retirement Plans
A retirement plan designed for employers wishing to contribute to a plan for employees, while keeping plan administration responsibilities to a minimum.
Allows employees to invest part of their salary pretax and defer paying taxes on the earnings until the money is withdrawn, and receive a mandatory employer contribution.
Qualified profit sharing or stock bonus plan that contains a cash or deferred arrangement.
Profit Sharing Plan
Allow an employer to make a deductible and discretionary company contribution to employees each year.
Money Purchase Plan
With this plan, business owner is allowed to make a deductible and predetermined annual company contribution percentage to employees.
Business continuity is an important area in the field of estate planning. We work with the business owner in developing plans that help assure the client that the business will be able to continue operations in the event of death, disability, or retirement. This is especially important in the case of a family-owned business. To accomplish the client's goals we work with his/her attorneys, accountants and other advisors.