Broker Check

Retirement Plans

We provide assistance to employers in determining if a qualified retirement plan may be appropriate, and if so, the proper type of plan and funding vehicle that might meet the company’s needs. The goal in setting up a retirement plan needs to be clearly determined since it is often established primarily for the benefit of the owners and other key employees with only secondary consideration given to providing benefits to the employees. Establishment of a retirement plan involves complicated legal and tax issues and we work closely with other professional advisors in their establishment. Types of plans that can be offered to employees include the following:

  • Target Benefit Plans
  • Defined Benefit Plans
  • Cash Balance Plans
  • Money Purchase Plans
  • 401 (k) Profit Sharing Plans, Employee Stock Option Plans
  • New Comparability Profit Sharing Plans
  • Age Weighted Profit Sharing Plans

Issues which need to be addressed by the client in the establishment of a plan consist of the following:

  • Discussions of what percentage of the company contribution need to be allocated towards key employees, owners and family members of owners.
  • Discussions pertaining to the expenses the company wants to absorb and which plan design best achieves this result.
  • Determination of the third party administrator which can most effectively administer the plan and provide employee communication.