Qualified Retirement Plans

Profit Sharing
One of the simplest and most flexible of all qualified retirement plans, profit-sharing plans typically allow the employer to make discretionary annual contributions of up to 15 percent of eligible compensation for all participating employees. Contribution amounts may be varied each year.

401(k)
This popular plan allows employees to defer income into a qualified retirement plan for federal income tax purposes, 401(k) plans can also be designed to allow an employer to make matching contributions, or discretionary profit-sharing contributions on behalf of all employees.

Money Purchase
A traditional qualified retirement plan, the money purchase plan offers less flexibility than certain other plans, but higher contribution limits. Generally, the employer may select any percentage contribution up to 25 percent of eligible compensation, but once selected may not change the selection without amending its plan. Contributions must be made on behalf of all eligible employees on a nondiscriminatory basis. With the newest tax law changes, many money purchase pension plans have been converted to Profit Sharing plans due to superior flexibility.

403(b)
Designed only for certain non-profit and educational organizations, this plan allows employees to defer pre-tax income (for federal income tax purposes) into a retirement plan while giving the employer the ability to make certain additional contributions.

Group Annuities
Group annuity products can expand your company's portfolio of benefits, and offer your employees excellent retirement savings options. Many group annuity products offer the significant advantage that they are guaranteed to pay benefits for the lifetime of the annuitant.