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Small Business Solutions

Whether you are self-employed or the owner of a small (or larger) business, there is a wide range of retirement plans designed to meet your specific needs.

Here are some retirement plan options that a business owner might want to consider:

  • 401(k) which can include:
    • Traditional 401(k)
    • Roth 401(k)
    • Solo 401(k)
    • Individual 401(k)
  • 403(b) if a non-profit... and that also has some different variations like the 401(k)
  • Simplified Employee Pension Plan (SEP IRA)
  • Savings Incentive Employee Pension Plan (SIMPLE IRA)
  • Defined Benefit Plans

So, which one is the best choice for your business? That depends on your business model and on your goals and objectives for the plan, which could include:

  • Do you currently have a plan? Are you sure it is the best approach for you and your business?
  • How many employees do you have?
  • Do you have high employee turnover or not?
  • Do you want to fund the employee account by yourself or you want your employees to also be able to contribute?
  • Do you want to keep expenses as low as possible or is maximizing the flexibility and investment options more important?
  • Do you have employees other than you, your spouse or business partner?
  • Do you want employees to be able to take loans from the plan?
  • Which is a higher priority – maximum contributions or simple administration?
  • Etc. Etc.

We can help you understand your options and help find the best match for your business.

Note: Also see the Protection Planning section for information on business specific insurance solutions such as Key Person Insurance and Buy-Sell Agreements