Small Business Pension Plans
If If you're a small business owner and retirement is looming in the not-too-distant future, you might consider a small business pension plan . It could fit your retirement savings goals as well as meeting the needs of your employees. There is no "one size fits all" solution. Ask us for a no cost, no obligation assessment of your business. We look forward to showing and explaining your options.
Each state has its
own specific rules and guidelines.
Please feel free to request a no cost consultation.
Get Good Advice
If you do not have a retirement plan, or even if you do,
you need to review the new plans
created by recent tax law changes available for small
business owners. Retirement plans are more flexible
and appealing than ever before, and there are numerous
plan designs to choose from.
Retirement plans today may allow you, as the small
business owner, to receive 60%, 70%, or even more of
the deductible business contribution. In such cases, it
could be costing you money not having a plan!
But how do you know which type of plan to choose?
Allow us to give you a free look at the innovative
retirement plans available today. You have retirement
goals—let us help you achieve them.
Four Reasons Why You Should Consider Sponsoring a Retirement Plan
- Save on Taxes
- Save for Retirement
- Attract & Retain Quality Employees
- Protection From Bankruptcy
Think Good Thoughts, Do Good Deeds, Get Good Results!
Why Choose Lafayette Life for Your Retirement Plan?
Why Choose SB Pensions for Your Retirement Plan?
Every employer sponsored plan from SB Pensions is backed by our convenient one-stop service for retirement plan designs, funding options, document services, and distribution planning and administration from credentialed associates who are members of the American Society of Pension Professionals & Actuaries and the National Institute of Pension Administrators.
This means you have our help from start to finish. From the beginning, we provide consultative services to help you and your Financial Representative understand the types of plans available. We provide you with various options to fund your retirement plan offerings, including both contribution amounts and investment options. Once your plan is in place, our team takes care of the day-to-day administration of the plan so you can focus on what you do best – running your business.
Save on Taxes
Contributions you make to the plan are generally tax deductible, and the investment earnings on the contributions are tax deferred — making good business sense for you. Additionally, when life insurance is an asset within your qualified retirement plan, the premiums you pay may be tax deductible too.
Save for Retirement
Having a qualified retirement plan can help you and your employees save for retirement. Contributions in a cash balance plan, for example, allow older owners to squeeze 20 years of savings into 10, which is appealing to the baby boomers who haven’t yet started saving for retirement.
Attract Quality Employees
With only a small percentage of small businesses offering a retirement plan, this can be a key differentiator for your business. Most of your current and future employees are likely shouldering more of the responsibility for their own retirement savings so you want to be sure you offer them a solid solution for their retirement needs.
Protection from Bankruptcy
Aa well-thought out qualified retirement plan is protected from creditors upon bankruptcy as long as there is at least one non-owner employee because the plan’s assets are for the sole benefit of the plan participants and not considered a company asset.
Want to learn more?
We’re here to help!
We want to know your needs so that we can provide the best solution. Let us know what you want and we’ll do our best to make it happen.
