How good do your employees feel about their retirement plan?
The U.S. Department of Labor states that Americans will need, on average, 80 percent of their preretirement income to maintain their current standard of living when they stop working.
The benefits of a retirement savings plan
By starting a retirement savings plan, you will help your employees save for the future. Retirement plans help you attract and retain qualified employees. These plans also offer tax savings to your business – and you will help secure your own retirement, as well. Note to entrepreneurs: you should establish a plan even if you are self-employed.
We can help.
At Northwest, we specialize in retirement plan problem solving and provide quality retirement plan solutions for employees and employers.
Your retirement plan should reflect the size of your company, your financial situation and your ability to comply with regulatory oversight and administrative responsibilities.
A tax-qualified company retirement plan offers employers and employees a great way to save without having to pay current tax on money set aside. Income earned on these investments is also tax-deferred.
We offer a full complement of qualified retirement plans:
- 401(k)s, profit sharing and money purchase plans (either in standard or customized form)
- 403 (b) plans
- Simplified employee pensions (SEPs)
Your company can rely on us to serve in all capacities – as a trustee, investment manager and custodian, or in a more limited capacity, depending on your company’s needs.
If you don’t have a company retirement plan, or feel you could improve on your existing program, now is a good time to talk to a Northwest Retirement Services representative. Visit (link to retirement services site) to learn more.
Investments: Not FDIC Insured. Not Bank Guaranteed. May Lose Value.