Employer Sponsored Retirement Plans

Employer Sponsored Retirement Plans

There are many ways that an employer can show their team that they are valued and appreciated. Heritage Business Advisors believes that there is no better way to show how important your team is to your success than to provide them with a means to their own futures. Employer-sponsored retirement plans such as a 401k or a SIMPLE IRA can be an enticing benefit for your employees.

However, the employer’s retirement interests and that of their employees are often different. Heritage Business Advisors can help you to identify the plan and structure that best serves your business’, your employees', and your own best interests. We have years of experience designing many different types of retirement plans and have gained a valuable insight into crafting the plans in ways that benefit everyone involved.

HBA works closely with third-party administrators, plan sponsors, and custodians when designing your plan, ensuring that you’re getting the most out of it. There are many different avenues to consider when determining which type of plan you should offer. Some plans have a huge benefit to you, the employer, but are only available if you open them as a benefit to your employees. Others operate on a tax-deferred basis or can even be tax-free when you and your employees have reached retirement. Still yet, some plans such as IRAs and Roth IRAs carry contribution limits. With so many options to choose from, you need an expert to help you to make the right decision for your organization.

Heritage Business Advisors has the expertise to design the plan that is perfect for you and your organization. We use low-cost index funds and design your plan in the most tax-sensitive manner possible. Schedule a meeting to learn more about how HBA can serve your employer-sponsored retirement plan needs.

Next Steps...

Find out which of the many retirement plan options is the best fit for your team and your business by talking to the experts here at Heritage Business Advisors.