How to Attract the Best Employees with Qualified Retirement Plans

Businesses looking to attract and retain loyal and valued employees often need to use more than salary alone.  A qualified retirement plan can enhance an employee’s benefits package. The self-made, vastly successful businessman Andrew Carnegie summed up how to run a successful business, “Take away my factories, my plants; take away my railroads, my ships, … Continue reading How to Attract the Best Employees with Qualified Retirement Plans

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A Complete Review of the Best Owner-Only 401(k) Plans

Let's take a comprehensive look at the various components of an owner-only 401(k) savings plan and how both employers and employees can benefit. Contributions to an Owner-Only 401(k) Plan Employer – Contributions by the business to the plan are tax-deductible in the year made, up to specified maximum amounts.  In addition, employer contributions are not … Continue reading A Complete Review of the Best Owner-Only 401(k) Plans

Small Business: Utilizing SERPs to Compete with Corporations

As mentioned in the previous article, two problems that smaller corporations face when competing with larger companies are hiring and retaining key employees, and inadequate retirement benefits offered to key employees and owners.  There is a common solution to this problem: A Selective Executive Retirement Plan (SERP). SERP Benefits and Funding A SERP is tailor-made … Continue reading Small Business: Utilizing SERPs to Compete with Corporations