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Group Benefits · Pensions

Retirement Plans that Build Savings

and Loyalty

Retirement and savings plans help your employees prepare for the future while giving you a powerful tool to attract and keep talent. From 401(k)s to SEPs and SIMPLE IRAs, we’ll help you weigh the options that fit your company and your team.

How they work

Tax-advantaged, and Built to Retain

Many of these plans are “qualified” by the IRS contributions go in pre-tax and earnings grow tax-deferred. They can be funded entirely by the employer or, more commonly, structured so the employer matches employee contributions.

 

Matching usually comes with a vesting period: employees don’t earn full rights to the employer’s contributions until they’ve stayed a set length of time a built-in retention incentive sometimes called the “golden handcuffs.”

Plan types

Common Plans We Can Help You Set Up

Payroll Deduction IRA

Employees set up a Traditional or Roth IRA and fund it through payroll deductions. Any size business even self-employed can offer one.

SEP

Lets employers contribute to Traditional IRAs (SEP-IRAs) set up for employees. Available to any size business, including the self-employed.

SARSEP

A Simplified Employee Pension established before 1997 that permits employee salary-reduction contributions, subject to participation rules and a 25-eligible-employee limit.

401(k)

A feature of a qualified profit-sharing plan that lets employees defer part of their wages into individual accounts. Deferrals are pre-tax (except Roth), and employers can contribute too.

SIMPLE IRA

Savings Incentive Match Plan for Employees employees and employers both contribute to Traditional IRAs. Ideal as a start-up retirement plan for small employers.

403(b) Tax-Sheltered Annuity

A 401(k)-style retirement plan offered by public schools and certain 501(c)(3) tax-exempt organizations.

457(b) Deferred Compensation

Deferred-comp plans for certain state and local governments and tax-exempt entities, letting employees defer income tax on retirement savings into future years.

Governmental Plans

Section 401(a) plans for federal, state, local and tribal government employees including 403(b), 457, and certain grandfathered 401(k) plans.

Get Started

Set Up the Right Retirement Plan for your Team

We’ll walk you (and your accountant) through the options that fit.

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