Business/Group Plans

Retirement Plans

Types & Uses of Retirement Plans for Business/Group/Employees*

Simplified Employee Pension (SEP) Plan:

For self-employed people and small business owners who wish to make tax-deductible contributions of up to $45,000 or 25% of their income, whichever is less, and that of their eligible employees.

Simple IRA Plan:

For firms of 100 or fewer employees to establish an employee savings program for pre-tax contributions of up to $10,500 per year.

401(k) Plan:

For employers who wish to allow employees to make pre-tax contributions through payroll deductions of up to $15,500 per year or 25% of their pay, whichever is less.

403(b) Plan:

For employees of public schools, non-profit hospitals and other certain tax-exempt organizations. Also known as a Tax-Sheltered Account.

Our agency does not provide legal or tax advice. For specific legal or tax advice based on your situation, please contact your attorney of tax advisor.

** The term "Keogh" or "HR-10" describes any type of retirement plan established by an nincorporated business - whether it be a profit sharing, money purchase or defined benefit plan.

Financial Planners / Financial Advisors

Securities offered through Sammons Securities Company, LLC, member FINRA/SIPC.   www.finra.org  www.sipc.org
Brokerage accounts carried by First Clearing Corporation, FINRA and SIPC 2001.  First Clearing Corporation, 20051.