Retirement Plans

A robust retirement plan is an excellent employee recruitment and retention tool.

In addition to offering the below stated plans, we assist with portfolio construction and do ongoing educational workshops for your employees. 

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 employer will contribute on behalf of eligible employees.

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.

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

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.