What Type of Plan is Right?

In determining the right type of plan, the following should be considered:

• age
• length of service and income levels of employees
• amount the employer is willing to contribute to the plan
• whether flexibility is necessary
• the cost of maintaining the plan

Steps for Establishment of a Retirement Plan:

• Consider what type of plan is appropriate.
• Determine what plan features will apply.
• Determine who will invest the assets and who will be responsible for the administrative functions.

If you have ANY questions, or are unclear about certain aspects of Retirement Planning, feel free to fill out our easy to use contact form, and we would be glad to assist you.

For more information on qualified retirement plans, click on the following links to the IRS and DOL websites:

• Internal Revenue Service (Types of Retirement Plans)
• U.S. Department of Labor (Retirement Plans, Benefits & Savings)