Qualified Retirement Plans

A qualified retirement plan is a valuable benefit for both the employer and employee. Plan design options have greatly increased over the years and these changes reflect our government’s desire to encourage people to save. Qualified plans have evolved and are easier and more cost efficient to administer.

There are a number of retirement plan options from SIMPLE IRA, 401(k), SEP IRA to traditional pension plans, to name just a few. Which plan is appropriate for your company? There are many factors involved in selecting the plan type and we start with an in-depth analysis of your workforce, company’s profitability, contributions and acceptable level of administration.

Once a plan is selected, we will coordinate all the efforts necessary to get the plan up and running. This includes all the required documentation, investment selection, record keeping, administration and enrollment.

LFG will also guide you in employee communications. Increased employee education translates into better plan participation, and we will help explain the benefits, contribution and investment elections and beneficiary designation. In addition, we will conduct open enrollment meetings and offer to meet with each employee individually to help them in this process.

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