Here are brief descriptions of many retirement plans with which we can assist:
401(k)
A 401(k) Plan is a defined contribution plan under which employees can elect to defer a portion of their salary which is then contributed on their behalf, before taxes, to the 401(k) plan. Sometimes the employer may match these contributions.
SEPs
Simplified Employee Pension Plan is a relatively inexpensive, uncomplicated retirement savings vehicle enabling employers to contribute to an employee’s account on a tax-favored basis.
SIMPLE Plans
The SIMPLE plan is a flexible retirement plan for businesses with 100 or fewer employees. SIMPLE plans are funded by employer contributions and may include elective employee salary deferrals.
IRAs and Rollover IRAs
We can advise you on an IRA resource most suited to your investing style, and handle all aspects of setup and regular contributions.
Money Purchase Pension Plans
A Money Purchase Pension Plan requires fixed annual contributions from the employer to an employee's individual account.
Age Weighted/Cross-Tested Plans
Age-weighted plans combine features of both defined benefit plans and profit sharing plans. This relatively new plan structure offers distinct advantages to employers and employees alike.
Target Benefit Plans
In a target benefit plan, contributions are based on an actuarial valuation designed to provide a target benefit to each participant upon retirement.
Defined Benefit Plans
A defined benefit plan promises a specified monthly benefit at retirement. That benefit may be an exact dollar amount, or a benefit calculated through a plan formula.
Profit Sharing Plans
A Profit Sharing Plan is a defined contribution plan under which the employer may determine how much will be contributed to the plan annually. The plan contains a formula for allocating to each participant a portion of the annual contribution.
ESOP
An Employee Stock Ownership Plan (ESOP) is an employee benefit plan which makes the employees of a company owners of stock in that company. There are several unique advantages benefits of such a plan, for both employer and employee.
