Even if employees love working for your company, they also look forward to a time when they won’t need to work any longer – retirement. In a marketplace that’s always competitive for the top talent, a quality retirement plan is one factor that can help you attract the best employees. On the other hand, if your retirement options are lacking, it could turn them away.
The team SRC Financial Consulting helps Texas companies with all aspects of retirement planning, so you can offer employees a way to build a nice nest egg for the future.
A retirement plan should contain more than one component, and there are fixed products that make sense to incorporate into the overall portfolio. We will review the types of products that best suit you and help you select the best option, given your financial objectives and timeframe.
Group Retirement Plans
At SRC Financial Consulting we assist our employers with putting together a customized 401k profit sharing plan that will be good for employer and employee on working towards their retirement goals. We work with many different carriers and TPA’s to make sure you have the plan that is right for you. This type of offering to your employee’s is another way to assist with recruitment and retention.
Employee retirement plans often factor heavily in whether strong candidates accept (or even consider) new positions. Having a group retirement plan such as a 401(k) is an attractive benefit and can help your employees plan for the future. At SRC, we can help you decide upon the retirement plan that works best for you employees. And for smaller businesses thinking about enrolling in 401(k) plans, there are tax credits available.
Individual Retirement Plans
We also offer retirement plans for individuals. From IRAs to 401(k) plans, the options may seem endless, but each plan has its pros and cons based on your circumstances. Most plans offer considerable tax benefits, as you will save pre-tax dollars, which will accumulate tax-free until you decide to withdraw your pot. The primary consideration in all cases should be which option will make your money work best for you.