Wealth Management
Business retirement plans built for any business
We can help you find a business retirement plan no matter the size or type of your business. Our plans are designed to help you offer your employees a resource for long-term saving. A good plan provides a valuable retention tool for your company.
Retirement considerations for a small business owner
401(k) Plans: Consider offering as an employee-benefit or to start or manage a business owners’ existing plan.
SIMPLE IRA Plans (Savings Incentive Match Plans for Employees): For employers with 100 or fewer employees and no other business retirement plan.
SEP Plans (Simplified Employee Pension): Allows self-employed individuals and employers to make deductible contributions to traditional IRAs (SEP-IRAs) set up for employees. A business of any size can establish a SEP.
SARSEP Plans (Salary Reduction Simplified Employee Pension): Permit employee salary reduction contributions when at least 50% of eligible employees choose to make employee salary reduction contributions for the year and had no more than 25 employees who were eligible to participate at any time during the preceding year. (A SARSEP may not be established after 1996. However, for SARSEPs set up before 1997, eligible employees hired after 1996 must be allowed to participate.)
Profit-Sharing Plans: Accepts discretionary employer contributions. Businesses offering these plans do not need profits to contribute. These plans will not require a business to contribute a consistent amount from year to year (or any amount at all).
Defined Benefit Plans: Provides a fixed, pre-established benefit for employees at retirement.
Money Purchase Plans: Requires an employer to make a set percentage contribution to plan participant’s account each year.
Executive Non-Qualified Plans: Designed to meet specialized retirement needs for key executives and other select employees.
Wondering how we can help your business? Call us at 860-572-4040 to work with a member of our Financial Services Team.
We do not provide tax advice. Consult your tax advisor.
Retirement considerations for small to medium-size corporations
401(k) Plans: Consider offering as an employee-benefit or to start or manage a business owners’ existing plan.
Profit-Sharing Plans: Accepts discretionary employer contributions. Businesses offering these plans do not need profits to contribute. These plans will not require a business to contribute a consistent amount from year to year (or any amount at all).
Defined Benefit Plans: Provide a fixed and pre-established benefit for employees when they reach retirement.
Money Purchase Plans: Requires an employer to make a set percentage contribution to plan for participant’s account each year.
Executive Non-Qualified Plans: Designed to meet specialized retirement needs for key executives and other select employees.
Let us help your business. Call us at 860-572-4040 to work with a member of our Financial Services Team.
We do not provide tax advice. Consult your tax advisor.
How Can We Help?
Call us at 860-572-4040 to work with a member of our Financial Services Team below.
Financial Services Team
Financial Advisor, Osaic Institutions.; SVP, Director of Chelsea Groton Financial Services
(860) 572-4041
Program Coordinator, Osaic Institutions, Inc.; VP, Chelsea Groton Financial Services
(860) 572-4040
Financial Advisor, Osaic Institutions, Inc.; VP, Chelsea Groton Financial Services
(860) 572-4039
Financial Advisor, Osaic Institutions, Inc.; VP, Chelsea Groton Financial Services
(860) 572-4045
Associate Financial Services Advisor, Osaic Institutions.; AVP, Chelsea Groton Financial Services
(860) 572-4047
Financial Advisor, Osaic Institutions, Inc.; VP, Chelsea Groton Financial Services
(860) 572-4046
Financial Advisor, Osaic Institutions, Inc.; VP, Chelsea Groton Financial Services
(860) 500-6508
Investment and insurance products and services are offered through Osaic Institutions, Inc., Member FINRA / SIPC. Chelsea Groton Financial Services is a trade name of Chelsea Groton Bank. Osaic Institutions and Chelsea Groton Bank are not affiliated. Products and services made available through Osaic Institutions are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.
Check the background of this Osaic Institutions, Inc. investment professional at brokercheck.finra.org/
