Business Solutions

 Qualified Retirement Plans

Providing a Qualified Retirement Plan is also a great way to attract, retain and reward high quality employees. For many small business, a well-designed and managed employee sponsored retirement plan with a high rate of participation by employees can enable the owners to contribute the maximum annual amount toward their own retirement, far more than they could contribute to an IRA. Learn more.

Small Business Retirement Plans

The creation of the Simplified Employee Pension (SEP) and the Savings Incentive Match Plan for Employees (SIMPLE) affords smaller businesses with a way to offer their employees a retirement plan. The SEP and SIMPLE were designed for businesses with less than 100 employees and y are less costly to administer than a 401(k).  For the employees, they are both easy to understand and provide a convenient way to save for retirement. Learn More.

Nonqualified Deferred Compensation Plans

Nonqualified deferred compensation plans are used by businesses to supplement existing qualified plans and provide additional benefits to key personnel and highly compensated employees. When key executives are presented with a strong monetary incentive package, they are more likely to stay and utilize their talents where they feel appreciated and appropriately rewarded.  Well-structured incentive plans can help keep key executives in place and motivate them to higher levels of performance. Learn More. 

Business Continuation and Succession Planning

Recent surveys show that a lack of continuation and succession planning is the biggest threat facing small businesses. It is also alarming to learn that family-owned businesses often don’t consider succession planning until the owner has already reached age 65. If you want your business to thrive into the future, you have to proactively focus on leadership continuity. Business Continuation and Succession Planning can help you protect your business against the loss of an owner, business partner or key employee. Learn More.