| Retirement Planning for Small Business Owners |
|
Retirement plans do not have to be that complicated and expensive to administer. Let our Wealth Management professionals help you understand the options available for your individual needs.
| |
| |
| |
A Simple IRA is a savings incentive match plan for business owners with up to 100 eligible employees.
| |
| |  | Both employees and employers make contributions to the Simple IRA |
| | | Employees can contribute up to $10,000 (as of 2005), with a catch up allowance of $2500 (as of 2006) for those fifty and older |
| | | Employers to match employee contributions for each elgible employee
- Dollar for dollar, up to 3% |
| |
| |
As an employer, you wish to provide the best for your team. A simplified employee pension (SEP) is a written plan that allows you, the employer, to make retirement contributions to individual retirement arrangements (SEP-IRAs) for your eligible employees.
Busey can assist you in establishing a SEP for your employees
Contact our experts to find out more.
|
|
