Retirement Planning for your Business

Retirement Plans

As a business owner, there are many demands you face daily.  You must effectively:

  • Run your company
  • Watch costs
  • Understand your market/industry
  • Manage employees 
  • Market to your customers

What about saving for retirement?

According to the Small Business Association, that's where too many small-business owners fall short. Lincoln Savings Bank can help.  We offer a variety of employer-sponsored retirement plan options, customizable to your business' needs:
  • SEP
  • 401(k) Plan
  • Safeharbor 401(k)
  • Single 401(k)
  • Profit Sharing
  • Payroll deduct Traditional IRA
  • Payroll deduct Roth IRA

As an employer, a company retirement plan may help you:

  • Save for your own retirement
  • Receive tax credits and other incentives from the federal government
  • Attract - and keep - better employees
  • Realize increased worker productivity, especially if your plan is connected to company profits
  • Deduct all employer contributions from current taxes

Your employees (and you) may benefit because they can:

  • Invest for the future
  • Put away more money for retirement through most small-business plans than they might otherwise be able to save through a personal IRA account
  • Realize tax-deferred growth on their investments
  • Be more content (and therefore more motivated) with a benefits package that includes a company retirement plan
  • Take advantage of the knowledge and expertise of the financial professionals at Lincoln Savings Bank
Contact us today if you want to learn whether an employer-sponsored retirement plan makes sense for your business.
Blog and News
We use cookies to improve your online experience. If you continue on our site, you agree to our cookie policy. Learn more about how we use cookies by reviewing our privacy policy. I agree