Retirement Plans

When your retirement plan participants feel successful, we feel that we have done our job. Some of the retirement planning options we offer are:

Simplified Employee Pension Plan (SEP): Under this plan, the employee establishes an IRA and the employer contributes up to 25% of an employee’s compensation each year. There is no employee contribution. It’s simple, and it’s popular with small family-owned businesses.

401(k) plan: This retirement plan allows employees to set aside a portion of their salary for retirement on a pre-tax basis. Employers offering a 401(k) plan need to file paperwork each year to ensure their plan complies with IRS regulations. This retirement planning option is good for businesses that want flexibility in how much money the company will contribute on behalf of eligible employees.

These Securities and investment advisory services are offered through Lifemark Securities Corp., Member FINRA/SIPC. The above plans are offered only in NY, NJ and CT.

In order to attract and retain employees, employers have to design a competitive compensation package, which in addition to salary consists of healthcare and retirement benefits.

The Internal Revenue Service has a set of complex rules for each type of retirement account. Some tax breaks are only available to people at certain income levels, we will help you decide which retirement plan is the best fit for you.