As a sole proprietor or small corporation, you know you need to save for retirement, but don't really understand the options that are available to you. We specialize in working with small businesses to help determine the best solution to fit their needs. We can assist in establishing your Solo 401(k) or SEP/SIMPLE IRA and help you determine how to best invest through funds. The tax benefits of these plans for small businesses can be two-fold. Not only are you and your employees able to actively save for retirement, you are also allowed higher contribution limits, helping to further reduce your current tax liability.

By far the most well known and industry standard retirement plan available to employers is the 401(k) plan. These plans are offered by a single employer and allow for complete control and customization. Although they are the most costly, they do allow employers to provide a robust array of investments to their employees. One important thing that some businesses do not understand is that the administrative and financial fiduciary responsibilities of the 401k plan fall on the employer. The fact is that not all 401(k) plans or plan providers are created equal. Whether your are looking to establish a new 401k plan or feel its time to review your company's current plan, we are here to help. 

The SECURE Act, which went into effect January 1, 2021, made for some significant changes to the retirement plans of Americans and their businesses. It is the most robust legislation passed to effect retirement accounts since the 1970's. One of those changes was the implementation of Pooled Employer Plans. These plans allow multiple employers/plan sponsors to "pool" their retirement plans into one 401(k) plan. A PEP can allow your company a very cost-effective way to provide your employees with the retirement plan they demand. Unlike traditional 401(k) plans, the fiduciary responsibilities are satisfied by the PEP plan provider, not the employer/sponsor. Member employers benefit from eliminating these risks, while still being able to custom tailor the plan with key design elements to fit their unique needs. Finally, not only are the costs of these plans significantly lower than traditional retirement plans, the US Federal Government is currently providing new participating employers of PEP plans with tax credits of up to $5,000/year for the first three years.