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Whether you are a corporation or a non-profit organization, offering your employees a good retirement plan is essential. In today’s world, a well-rounded retirement plan is a genuine benefit that will help your organization attract and retain a dependable workforce. Your type of business and your objectives will determine the type of plan you choose to offer.
Find out how Investment Insight Wealth Management can help you structure the corporate or non-profit plan you need for your organization. With years of portfolio management and planning experience, coupled with exceptional communications practices, we want to be your financial intermediary. Honesty, integrity, accountability, and top-notch customer service characterize all that we do.
must involve participation from a company with the establishment of the plan. These plans can be funded strictly by employee contributions, strictly by employer contributions, or a combination of both employee and employer contributions. A 401(k) is a very common type of corporate retirement plan.
like the 403(b), allow employees to save a portion of their salary through payroll deductions and the money withheld in these plans is not taxed until it’s withdrawn. Other plan formats are available for non-profits, including retirement plans funded by the employer or the classic pension plan that provides retirees with monthly payments that represent a percentage of the salary they had earned while employed.