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COMPANY RETIREMENT PLANNING



IN SEARCH OF A RETIREMENT PLAN FOR YOUR COMPANY?

Invest in your most important asset, your employees.

Company Retirement Planning image

Building a successful business isn’t easy. According to the U.S. Small Business Administration, over 50% of small businesses fail in the first 5 years. Business owners like yourself understand the vital role your employees play in the overall success of your company. It’s important you offer the right kind of retirement plan benefits to retain your staff.

Experts estimate that Americans will need 70 to 90 percent of their pre-retirement income to maintain their current standard of living when they stop working. So here is an opportunity to give back to the employees who have dedicated their time and talents to growing your business.

Start a retirement savings plan to help your employees save for the future. Retirement plans can also help you attract and retain qualified employees, and they can offer valuable tax savings to your business. You’ll help secure your own retirement as well, it’s a win-win all the way around.

Now is the time to look into retirement plan programs. You may want to check out the case study below to read first-hand the power of working with an SVA Plumb Retirement Plan Specialist.

SVA Plumb Financial was the right choice for people like you.

Listen to an audio recording of how we helped someone plan for retirement.

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“A lot of business owners are surprised that they can contribute $250,000 or more a year to their retirement funds. They had no idea the numbers could be that high. The amount depends on a lot of factors and demographics, but we know the ins and outs of retirement business planning to maximize retirement contributions while minimizing costs.”

Sean Cote - AIF®
Senior Wealth Manager/Director of Retirement Plans

The owners of a small, successful dental practice wanted a way to defer even more of their salaries for retirement. SVA Plumb Financial created a unique, cost-effective solution tailored specifically to their ages and business.

The owners of the practice approached SVA Plumb Financial because they needed a way to deal with their success. In their 30s and 40s, the doctors were still far from retirement and each were earning a yearly salary that averaged over $250,000. At that level, the owners each wanted to put more of their money towards retirement, allowing them to take advantage of the tax incentives of deferment and plan for their futures.

Their practice had a 401(k) plan and a profit sharing program in place, and for most businesses, those are the only options many advisors consider. However, the small business retirement specialists at SVA Plumb Financial were able to design a retirement plan tailored towards the size of the business, its owner-to-employee ratio, the owners’ ages and their retirement goals.

In their analysis, the SVA Plumb Financial advisory team found that using an age-weighted calculation, the amount of profits the owners could contribute to their 401(k) plan was even higher than the typical IRS limits, giving the dental practice owners even more flexibility with no added costs. But the most impactful part of the plan was the creation of a cash-balance defined benefit plan. This plan allowed the doctors to defer $160,000 into a separate retirement plan, as well as offering an added benefit to all of their employees.

Today their business continues to grow, and SVA Plumb Financial advisors meet with the owners periodically to talk about any changes and updates. As the business evolves, so will the retirement plan. As some dentists get closer to retirement and others come aboard, SVA Plumb Financial will continue to monitor and modify the plan so it remains a successful financial tool.

Our expert team.

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