Small Business Retirement Plans
BUSINESS SOLUTIONS
Financial guidance for your organization and the people behind it.
We work with business owners, companies, and nonprofit organizations on retirement benefits, financial education, and investment needs. Start with your goals, your people, and a realistic budget.
Retirement plan design and review
Consider employee needs, employer contributions, administration, investment choices, and total costs. Review an existing plan or compare options for a new one with the appropriate service providers.
Company and organization assets
Separate money needed for operations from assets intended for longer-term investment. Discuss cash needs, investment risk, decision-making responsibilities, and an appropriate investment approach.
Which retirement plan might fit?
- 401(k): A workplace retirement plan that can allow employee salary contributions and employer contributions. Design and administration depend on the plan.
- SEP IRA: An IRA-based option funded through employer contributions, with eligibility and contribution requirements.
- SIMPLE IRA: An option for eligible small employers that allows employee contributions and requires employer contributions under the applicable rules.
- 403(b): A retirement plan available to certain eligible employers, including qualifying tax-exempt organizations and public schools.
These options have different eligibility rules, costs, contribution limits, and responsibilities. Limits and rules can change. The appropriate choice depends on your organization; a nonprofit is not automatically eligible for every plan type.
Make the benefits easier to understand
Employee education can explain how a plan works, why contribution decisions matter, and how retirement savings fit into a household budget. We can discuss an education schedule and the support your team needs.
Bring your goals and your questions
For a useful first conversation, consider your employee count, current plan if any, budget, and what you want to improve. We will discuss scope and fees before an engagement. Plan administration, legal, and tax work require the appropriate providers.
Source and further reading: IRS: Choosing a retirement plan. General education does not replace advice about your organization’s specific legal or tax obligations.