Retirement Plans

• Simplified Employee Pension Plan (SEP IRA)

  Consider the SEP IRA plan if you have a small number of employees and are interested in a low cost/low maintenance employee benefit offering. SEP IRAs are funded with tax-deductible employer contributions that need not be made every year. Employee contributions are not allowed and all eligible employees must be covered.

• Defined Benefit Plans

  An alternative to the options above, defined benefit plans are a sound solution for certain businesses and their principals, particularly those looking to retire in the next 10 years and who may be behind in their retirement savings preparation. Speak to your Signature Securities Financial Advisor to determine if this plan is applicable to your needs. The advantage of defined benefit plans is that you can contribute as much as is needed to give you an annual retirement payout of $180,000 or 100% of the average of your three highest consecutive pay years. It should be noted that the plans are not very flexible once implemented. For example, contributions are not optional.

• Savings Incentive Match Plan for Employees (SIMPLE IRA)

  SIMPLE IRAs promote greater employee participation because they begin with an employee contribution and have a plan-mandated employer match. Annual contributions are generally limited to a fixed amount plus an employer matching contribution of up to a certain percentage of employee salary.

• Profit Sharing Plans

  Grant employees a vested interest in the success of your business through a profit sharing plan. Annual contributions are determined by the employer and can vary from year to year based on the company’s performance. With assistance from your Signature Securities Financial Advisor you will be able to select appropriate vesting schedules and secure the right administrator for your specific plan style and reporting needs.

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• 401k Plans

  Signature Securities provides a complete 401k solution for businesses that typically have over 25 employees. We offer a seamless relationship among record-keeping, trustee, and investment services so you can spend more time on your business and less time on paperwork.  Our 401k products include voluntary employee salary deferral contributions, employer matching, and discretionary profit sharing contributions with vesting schedules. Signature Securities offers 401k plans from leading financial institutions including John Hancock, ING, Oppenheimer, Fidelity, Mass Mutual and Principal.

  Read more about profit sharing & 401k plans