Starting a retirement plan can be simpler and more economical than you might think. There are several different types of retirement plans to choose from, we can help you decide which type is right for you based on your company’s specific needs.
Many workers don’t have access to a retirement plan and therefore don’t have any retirement savings. Oftentimes, having access to a company retirement plan is a person’s first opportunity to start saving. Even though anyone can open up an account and start saving, few people actually do unless they have the ease and simplicity of a company-sponsored plan.
Example: We helped a local company with 10 employees start a plan during the summer of 2021. Most of the employees are between 25 and 40 and had never had access to a retirement plan and had no savings. Since that time, most of them have $1,000 to $2,000 in their accounts. Not a lot of money but a great start! If those employees continue to save over the course of their careers, they can easily accumulate $100,000 or more towards their retirement!
Depending on your company’s needs, we can help you open a(n):
Each one of these plans has a unique set of benefits and any one of them could be a viable option based on what you would like to accomplish.
Talk to us today about what type of retirement plan might be right for your company!