Retirement Plans for Employers
Which plan below best meets your need? Let us help you design a plan that is right for you and your employees.
- Profit Sharing - This type of plan is generally funded by employer discretionary contributions and features tax deferred growth
- Age weighted or comparability (cross-tested) plans - This plan is for employer who want to favor older highly compensative participants
- 401K - Allows both discretionary employer contributions as well as the ability for employees to contribute on their own behalf
- Safe Harbor 401K Plans - 401(k) plan that eliminates discrimination testing
- Owner Only/One Person 401K - Recent tax law that permits owners/partners of small business to maximize their contributions
- Simplified Employee Pension (SEP) & Simple IRA's - This retirement vehicle is ideal for a very small business
- Money Purchase Pension Plan - A plan that requires a fixed contribution to be made to all eligible participants each year
- Defined Benefit Pension Plan - Plan provides a promised level of retirement benefits to participants
- Non Qualified Plans - Allows employer to reward key employees
Why Choose Peoples Financial Advisors for Retirement Planning?
Few companies offer more choices, or more guidance, to help you create a retirement plan you can count on.
- Our experienced Specialists and Peoples Financial Advisors can consult with you in person.
- Through Peoples Financial Advisors , you have a full range of investment choices, including stocks, bonds, and mutual funds.
Every business needs a retirement plan. Whether the business employees one person, or many people, there is a design that will meet the needs of the participant(s).
Plans vary in terms of:
- Administrative work
- Control over investments
- Benefits to employees
Benefits to your business include:
- Employers receive deductions from taxable business profits for contributions made to the plan.
- Attract and retain quality employees by providing a valuable retirement benefit.
- Small businesses with 100 employees or less are eligible for a tax credit of 50% on up to $1000 of administrative costs in the first 3 years of a new plan. At least one non-highly compensated employee must participate to be eligible for the credit.
Contact us to ask a question, or set a time for a Peoples Financial Advisors Retirement Plan Services representative to meet with you to review your company's benefit options and needs, or to design an integrated benefit program to suit your objectives.
*Withdrawals from qualified plans prior to age 59 1/2 are taxed as ordinary income and may be subject to a 10% penalty.
Additional Services
Are Not FDIC Insured |
May Lose Value |
Are Not Bank Guaranteed |