Offering a retirement plan is often necessary for a business to attract and retain the best employees. There are seven major types of retirement plans utilized by companies: Defined Benefit Plans Defined Contribution Plans Profit Sharing Plans 401(k) Plans Roth 401(k) Option Simplified Employee Pension Plans SIMPLE Retirement Plans Determining which type is best for … Continue reading Does Your Business Offer One of These Retirement Plans?
Successful businesses and key employees go hand in hand. Often, a successful business has at least one key employee who is responsible for the success or failure of the business. If a business loses one of these key employees, a business can experience several problems. Reduction in Earnings – If a few key employees are … Continue reading What is a Selective Executive Retirement Plan?