Retirement Plans

(540) 563-1005

Why have a small business retirement plan?

Compelling reasons for you business to have a retirement plan:

  • Retirement plans help secure the future of employees and owners.
  • Provides a primary way for employees to save for retirement.
  • Assists in attracting in attracting and keeping good employees making your business more competitive.
  • Potential tax benefits (plan contributions for business owner are deductible as a business expense).
Retirement Plans for business and organizations in Virginia
Retirement Plans for small business in Virginia

Retirement plans that small-business owners may consider

  1. Simplified Employee Pension Plan (SEP IRA)
  2. Savings Incentive Match Plan for Employees (SIMPLE IRA)
  3. Self-Employed 401(k) plan
  4. 401(k) plan (better for larger companies given setup costs, administration, fiduciary responsibilities, etc.)