Benefits of Adopting Retirement Plans for Small Business - PowerPoint PPT Presentation

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Benefits of Adopting Retirement Plans for Small Business

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Choosing the right retirement plan not just ensures retirement security, but offers great advantages for employers, employees and businesses at the same time. Take a look at this presentation to know more. Visit – PowerPoint PPT presentation

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Title: Benefits of Adopting Retirement Plans for Small Business


1
Benefits of Setting up Retirement Plans for
Employees
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2
  • Setting up a retirement plan is beneficial for
    you, your business and your employees as well.
    When you invest today via a retirement plan, you
    and your employees can ensure good financial
    security during retirement. Moreover, you and
    your employees enjoy tax benefits and other
    incentives too.

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3
  • BENEFITS FOR BUSINESSES
  • Retirement plans can retain present employees
    reduce training costs.
  • Employer contributions are tax-deductible
  • Incentives and tax credits are offered to start a
    plan at reduced costs.
  • Assets included in the plan grow tax-free.

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4
  • BENEFITS FOR EMPLOYEES
  • Employees get to improve financial security
    during retirement.
  • Contributions can be easily made through payroll
    deductions.
  • Compounding interest over time facilitates small
    periodical contributions to grow significantly.

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5
  • BENEFITS FOR EMPLOYEES
  • Employee contributions help reduce current
    taxable income.
  • Retirement assets are transferable from one
    employer to other.
  • Contributions and investment gains will not be
    taxed until they are distributed.

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6
  • ESTABLISHING A RETIREMENT PLAN
  • The necessary administrative steps include
  • Adopting a written plan
  • Arranging funds for plans assets
  • Notifying eligible employees about plan terms
  • Maintaining a recordkeeping system

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7
  • Establishing and maintaining a retirement plan is
    advantageous for both businesses and employees!
  • For assistance on retirement plans
    administration, contact the experts at Heartland
    Consulting Group, Inc.
  • For details, visit heartcg.com or call (913)
    649-3171.

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