Do You Have The Right Business Plan?
Regardless of the size of your business, or whether it is a sole proprietorship, partnership, LLC, or a corporation, there are several types of retirement plans to choose from that can reduce your tax liability and increase the retirement savings of you and your employees.
The benefits a business can derive from sponsoring a retirement plan include:
- Boosting morale and productivity;
- Retaining good employees and thereby saving on hiring and training costs;
- Attracting experienced employees in today’s competitive environment;
- Helping employees save for their future since Social Security retirement benefits alone may not be an adequate source of income for most retirees.
Through proper design, you can eliminate additional unseen costs in the administration of your 401k plan. For a quote to match your current plan and costs, please give our financial services department a call at 330-782-5621 or e mail us at [email protected].