Small Business Retirement Plans
As an entrepreneur or small business understanding and developing the right retirement plan doesn’t need to be difficult. We help business owners review the right plan.
401(k) Plans
Small businesses now have access to the same 401(k) plans as big businesses. Building and executing a 401(k) plan for a small business can be a lot of work. We provide an experienced, easy to access team that works to understand your objectives, helps you establish the right plan and assists you with the ongoing support and maintenance of the plan. This includes reviewing investment options, recordkeeping, plan oversight, and compliance.
Are you a real estate agent, defense contractor, independent contractor?
SEP & SIMPLE Plans
We see these a lot with real estate agents, defense contractors, and independent contractors. The creation of the Simplified Employee Pension (SEP) and the Savings Incentive Match Plan for Employees (SIMPLE) affords smaller businesses with a way to offer their employees a retirement plan.
The SEP and SIMPLE were designed for businesses with less than 100 employees and are less costly to administer than a 401(k). For the employees, they are both easy to understand and provide a convenient way to save for retirement.
As qualified retirement plans, SEPs and SIMPLEs enjoy the same tax treatment as other plans. Contributions by employees and employers are tax deductible or made on a pre-tax basis. The accumulation inside the accounts grows tax deferred.
For additional information on small business retirement plans, contact us today.
