Employee Retirement Options
Bank of Labor’s retirement planning experts can help you set up a 401(k) plan—an excellent way to help your employees invest and save. This popular retirement savings plan allows employees to choose from a range of investments and lets employers match those contributions in a variety of ways.
- Increases your company’s ability to attract and retain employees
- Offers flexibility in the type and amount of employer contributions
- Low maintenance costs
- Convenient telephone access
As the name implies, tax-qualified retirement plans meet IRS requirements for favorable tax treatment. Bank of Labor has several options for tax-qualified plans that can help you share the wealth with your employees in a way that makes the most sense for your business.
- Profit Sharing
- Simplified Employee Pension (SEP)