Employee Benefits:
Business Retirement Plan Services
Help your employees retire with confidence.
A well-run retirement plan can attract and retain valuable employees. Whether your organization has two or 2,000 employees, Peoples Bank® offers solutions to determine the best benefits approach that meets your goals. We have over $3 billion in assets under management, and our local experts offer fully-bundled and in-house solutions that eliminate the need for multiple providers.
Retirement Plan Options
401(k)s
A 401(k) or Roth IRA plan includes automatic payroll withholdings, matching capabilities and more. We’ll assist in decision-making and educating employees on retirement savings.
Simple IRAs
This is a start-up retirement savings plan for small businesses without an existing retirement plan. Simple IRAs allow employers and employees to make tax-deferred contributions to traditional IRAs.
Simplified Employee Pensions
A Simplified Employee Pension (SEP) is great for those who are self-employed, own a business or earn freelance income. SEPs often have higher annual contribution limits than standard IRAs.
Profit-Sharing Plans
Profit-Sharing plans allow an employer to share the profits of a business with their employees. Our team will help you decide how much to set aside each year and how to administer the plan.
Create a plan all about your employees.
We will help you choose a plan, and we have Retirement Plan specialists to conduct ongoing and on-site employee education meetings. If employees have questions outside of these sessions, they can reach out to your dedicated Plan Administrator. They will also receive clear and concise quarterly participant statements with access to Personal Financial Planners.
Learn more about Retirement Plan options.
Fill out an interest form or contact [email protected]
or 800.860.6107 for more information.
