When it comes to sponsoring a retirement plan, employers have many options. There is no single "right" answer as to what kind of employer contribution they wish to provide, if any. We have put together the attached chart to help summarize key design considerations. This resource will enable you to optimally assist your clients or prospects with their design decision.
Additionally, Tycor is available to help you 'drill down' on the decision as needed. If your client is trying to design a plan that meets their budget, we can provide you with a helpful, customized model based on their census data.
Here is an overview of the retirement plan options that our guide covers:
Additionally, Tycor is available to help you 'drill down' on the decision as needed. If your client is trying to design a plan that meets their budget, we can provide you with a helpful, customized model based on their census data.
Here is an overview of the retirement plan options that our guide covers:
- Simple IRA
- Simple 401(k)
- SEP
- 401(k) Profit Sharing Plan
- Cash Balance or Defined Benefit Plan
I invite you to check out this resource; please don't hesitate to reach out to me with any questions! I'm available at 610-251-0670 or feel free to CONTACT me by email.