Some of the plans and services we offer:


401(k) Tax Deffered and Profit Sharing plans for small to medium sized businesses We offer defined contribution plans, such as 401(K)s. Contributions into these retirement plans can either be made with or without paying federal and state taxes. In traditional 401(K) plans, an employee elects to have money from their pay deposited in their account without paying federal or state taxes on the earnings deposited. The contributions will grow tax deferred until the money is withdrawn at which time federal and state taxes will be paid. Both of these plans offer a broad spectrum of investment choices in stocks, bonds and guaranteed investment options. These plans do come with fiduciary responsibility for the companies that sponsor them for their employees. We work with the plan sponsors to reduce liability to the lowest levels possible through training for company administrators of the plan, employee educational and investment counseling, periodic review of the plan documents, and systematic monitoring of the investment options.

Profit sharing plans plans provide direct or indirect payments to employees retirement accounts that are based on a company's profitability. These contributions are generally based upon the previous years’ profitability of the company. For instance, if a company’s annual net profits increase by 5 percent over the previous year, the company might elect to contribute 5 percent of the companies payroll to the profit sharing participants on a pro rata basis. The company contributions are totally at the discretion of the company. These plans are almost always used in conjunction with 401(k)s so that employees can voluntarily make contributions from their earnings in addition to receiving profit sharing contributions from their employer.


403(b) plans for not-for-profit organizations and school districtsWe offer tax-sheltered annuities and mutual fund retirement programs through a variety of well know providers to get the most suitable plan for your employees. These plans can be designed with both employer and employee contribution or with only employee contributions. The plans with only employee contributions are designed to supplement their institution or state sponsored pension plan. In these types of plans, an employee elects to have money from their pay deposited in their account prior to paying federal and state taxes. Though most plans are tax deferred, participants can choose an after tax option which will also grow tax deferred and withdrawals at retirement will be tax free.


Company-wide Thrift Savings retirement plans Non-qualified plans provide employees another option when saving for retirement. Under such a plan, an employee is able to defer the receipt of some compensation until a future year. The company doesn’t get to deduct these payments until the employee has constructive receipt of the money. The main advantage is that in a future year when the money is received, the employee will probably be in a lower tax bracket. These non-qualified savings plans are easier to set up than qualified plans and have fewer regulations with which to deal with.


IRA’s for Businesses and IndividualsWe offer multiple types of Individual Retirement Accounts (IRAs): Regular, Roth, Simplified Employee Pension, and Savings Incentive Match Plan for Employees. The type of account we recommend depends upon the specific circumstances of our client. Simple IRA’s are ideal for businesses with varying cash flows, less than 100 employees, and who need a retirement plan for their employees which does not have administrative expenses. The employer typically matches up to 3% of employee contributions. The employer’s contributions are immediately vested in the employee’s accounts.


Cash Balance PlansUnder a defined benefit plan, the employer promises a specified monthly benefit upon retirement. A cash balance plan, one type of defined benefit plans, defines the promised benefit in terms of a state account balance. In the private sector, the plan is usually funded through employer contributions. Companies’ must make contributions to the plan annually and must hire an actuary to calculate the required contribution annually.


Target Benefit PlansA target benefit plan that is similar to a defined benefit plan since contributions are based on projected retirement benefits. However, unlike a defined benefit plan, the benefits provided to participants at retirement are based on the performance of the investments, and are therefore not guaranteed.