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Employee Benefits
Offering good benefits is a key component of hiring and keeping productive employees. From cafeteria plans to retirement benefits, prospective employees often “shop” for better benefits when looking at employment opportunities.
Cafeteria Plan
Pre-tax dollars benefit employees twice when they elect to pay medical insurance premiums, dependent care expenses and out-of-pocket medical expenses through an employee cafeteria plan.
Payroll Direct Deposit
Avoid the cost of printing and issuing paper check with Direct Payroll Deposit. Employee’s paychecks are deposited directly into their individual account at the bank via ACH. Payroll Direct Deposit is faster, safer and more convenient than traditional payroll.
401 K
Flexibility in matching employee contributions is a strength of this personal pension plan. Most employers match a percentage or fixed dollar amount that employees contribute to the plan.
Profit Sharing
Tax-deferred retirement savings is a big benefit to employers who provide profit sharing for employees and business owners.
Pension Plans
Individual pension plans can be customized to meet the needs of both the business owner and their employees.
SEP IRA
Simplified Employee Pension plan (SEP) is considered a type of business retirement plan. A SEP allows employers to make contributions to their own IRA and to IRAs that their employees set up and control. Contributions to a SEP are tax deductible, and the money contributed grows tax-deferred until withdrawn, typically at retirement.
SIMPLE IRA
Savings Incentive Match Plan (SIMPLE) is designed to help small businesses (fewer than 100 employees) by having simplified reporting requirements and a plan that will not be subject to fiduciary liability for the plan decisions made by contributing employees. Self-employed business owners (with no other employees) also are eligible to open a SIMPLE plan.
Investment Management and Trust Services
Based upon your personal income needs, desired asset growth, income tax status, and risk tolerance, a highly specialized and experienced management team will help you put together a comprehensive plan designed to achieve your financial retirement goals.
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