Incorporating a retirement plan into your employee benefits program offers benefits for your employees and your company. Retirement plans allow your employees to help secure their financial future, and may qualify your business for tax benefits, in addition to increasing employee retention.
There are a variety of retirement plan options, including 401(k), 403(b), IRAs, profit-sharing and defined-benefit plans. There are benefits, key features and costs associated with each. Some are designed for large companies and others for small businesses.
The experts at Dowd will work with you on the design and operation of your group or corporate retirement plan. With a business-oriented approach, we help develop plans that reduce administrative burdens and costs, coordinate with other retirement plans, increase employee participation rates and address non-discrimination testing risks.
You also benefit from our seasoned counsel on plan fiduciary considerations, including 401(k) fee issues and the maintenance of company stock funds.
If your employer doesn’t offer a retirement plan, don’t let that stop you from saving for your retirement. Talk to us about your retirement goals, and we’ll work with you on a plan to achieve them.