• Enables the worker save money towards retirement
• Allows the employer to contribute to plans to maximize contributions
• Contributions can reduce the amount of taxable income to allow for a higher net amount

How We Can Help Your Business

S&K Insurance offers assistance to employers in developing retirement plans for employees. We can help you determine what type of plan best fits your budget so you can offer an attractive benefit to your workers.

Employees look forward to the day they can retire, but it is often with concern and fear, especially in today’s economy. A retirement plan can help them plan for the future and know where they will stand when they reach retirement age. These plans are often flexible and allow the worker to contribute as much money as they can afford with options to increase or change the amount each year. Some plans even provide for employer contributions where they can match an employee’s amount up to a certain percentage.

One of the main benefits of offering a retirement plan to workers for the employer is it costs very little out of the company’s budget unless they are contributing to the funds. The employer also does not need to worry about managing the plan or distributing the assets at retirement. The broker takes care of the work and manages the money for each employee who decides to contribute.

S&K Insurance offers multiple options to help you provide a valuable benefit to your employees. You can choose your level of participation and type of plan that fits your budget. While 401k plans are the most common, there are other options, especially for small businesses. We can also help your organization with:

• • Complying with retirement plan regulations
  • Adhering to fiduciary responsibilities
  • Paying reasonable fees
  • Offering competitive funds
  • Preparing participants to retire when you need them to retire

In addition, our advisory services include:

• • Investment Analysis and Target Date Fund Evaluation
  • ERISA 3(21) and 3(38) Capability
  • Fee, Service and Investment Benchmarking / Provider Search
  • Committee Support and Ongoing Fiduciary Training
  • Proactive Employee and Participant Educational Support
  • Courageous Retirement Plan Design Consulting
  • Account Management and Ongoing Plan Administration
  • Financial Wellness Programs
  • Online Document Portal

To learn more about how we can help you and your team plan for a brighter tomorrow, contact us today.

Executive Benefits

Those staff members with more responsibility should receive more rewards, and executive benefit plans can offer additional compensation to retain the best talent. From stock ownership to pay-for-performance rewards, these plans make a business more competitive to applicants and keeps current employees happy and productive, making a win-win situation for everyone.