Retirement
A retirement plan can be a significant addition to your array of employee benefits. It can also provide financial security for your employees in the future.
A retirement plan can benefit your organization today by attracting and retaining valuable employees. Some of these plans can be established free to the organization.
You may choose from a variety of plans to offer:
- 403(b) plans are voluntary, employee only, pre-tax contributions. Employees can make tax-deferred contributions to the plan through payroll deduction, up to the maximum amounts established by law.
- 401(k) plans include employer contributions, either in whole or in part. Under the law, these plans allow more flexibility in their design, but they also require plan level administration and reporting. Administration fees also apply.
- IRA’s :
- SIMPLE IRA’s are small employer MATCHING retirement plans using an IRA as the funding vehicle.
- SEP IRA’S are small employer retirement plans where the employer contributions can be determined on a year-to-year basis and are typically discretionary.
- ROTH IRA’s are employee after-tax contributions where all the interest grows free. They are ideal for people under 50.
The IRS distinctions on each plan can be easily navigated with the help of our preferred consultant.
Selecting a retirement plan for your nonprofit organization's employees is one of the most significant decisions you will make. Let a qualified financial services representative, referred by Colorado Nonprofit Insurance Agency, help you in your decision.
Contact Colorado Nonprofit Insurance Agency (click here) to learn more about Retirement plans.
|
