According to a testimony by the Government Accountability Office, only 14% of small employers with fewer than 100 employees sponsor a retirement savings plan.
Retirement Plans Available:
A SEP (Simplified Employee Plan) IRA is a retirement plan for self-employed business owners or corporations with few employees. SEP IRAs may not only be attractive to employees, they can also be quick and easy to set up and administer for small business owners. Consider an SEP if your business is new or has variable profits.
A SIMPLE IRA is a retirement program that offers an employee a salary-deferral contribution feature along with a matching employer contribution. It is similar to a 401(k), but with lower deferral amounts and less administration and flexibility.
A 401(k)/403(b) is a defined contribution plan where an employee can make contributions from his or her paycheck either before or after taxes, depending on the options offered in the plan. In some plans the employer also makes contributions, such as matching the employee’s contributions up to a certain percentage.
We provide a wide range of solutions that meet the needs of the employer while bringing value and opportunity to the employees. We offer retirement plans, group health insurance, group pre-tax short-term disability, and group life insurance.