KEEP AND REWARD TALENTPension and Retirement Plans

Let's Design a Plan That Fits Your Business

There are many different ways for business owners today to provide for the retirement of their employees. Choosing the right type of plan can be a challenging and stressful undertaking. Let our team analyze your business and create a program that suits the needs of your company and your employees.

Qualified Retirement Plans

A qualified retirement plan is established by an employer for the benefit of their employees. There are two types of qualified plans: defined contribution (401(k)s, IRAs) and defined benefit (traditional pension plans). Defined contribution plans allow employees more control over how much and where their money is invested, with the amount available at retirement varying based on these factors and market performance. Defined benefit plans offer an established amount to employees at retirement, but require the employer to manage investments toward that goal.

Types of Retirement Plans We Can Help Create:


A SIMPLE (Savings Incentive Match Plan for Employees) IRA is designed for companies with fewer than 100 employees who want to provide a tax advantaged savings plan. SIMPLE plans have lower costs than many other defined contribution options, and allow employees greater control over the amount and funds of their investment, easing the burden on employers. Employer contributions must be a 1:1 match for 3% or a fixed 2% regardless of compensation (up to $270,000 for 2017) and are tax deductible.

Defined Benefit

Traditional pensions are less common today than in the past, in part because the risk lies with the employer. By offering a specific reward at retirement, defined benefit plans can help attract and retain top employees. High annual contribution limits (up to 100% of compensation and $215,000 for 2017) make these plans particularly attractive to high earners close to retirement, and business owners who have not yet started saving. Contribution levels are calculated and vary annually based on investment performance and timeline.


A SEP (Simplified Employee Pension) offers many of the same advantages of other retirement savings plans, but with less maintenance fees and documentation requirements. A SEP allows participants the opportunity to direct their investments as they see fit, instead of choosing from preselected options. SEPs can be a great fit for sole proprietorships, partnerships, and businesses with fewer employees.

Profit Sharing

Put simply, profit sharing is giving a portion of your earnings back to the employees that help you along the way. Profit sharing gives your employees a vested interest in helping your business succeed. There are many ways to structure profit sharing plans, and we can help you decide what type is the most beneficial to you and your employees.

Guidelines for Retirement Planning

The requirements for participation in retirement and profit sharing offerings vary slightly from plan to plan. In most cases, the IRS requires eligibility at 21 years old with at least 1-2 years of service. Business owners may allow greater participation by relaxing these requirements as needed, but may never restrict participation further. Our advisors will guide you to the best plan and the most beneficial eligibility requirements for your business.

Benefits of Working With Us to Develop A Retirement Plan

With so many options available, selecting the right retirement plan to offer your employees can be overwhelming. Our financial advisors will help select the best plan for your business now, and manage it as you take the next steps down the road.