Benefits of Adopting Retirement Plans for Small Business

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Benefits of Setting up Retirement Plans for
Employees
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• Setting up a retirement plan is beneficial for
  you, your business and your employees as well.
  When you invest today via a retirement plan, you
  and your employees can ensure good financial
  security during retirement. Moreover, you and
  your employees enjoy tax benefits and other
  incentives too.

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• BENEFITS FOR BUSINESSES
• Retirement plans can retain present employees
  reduce training costs.
• Employer contributions are tax-deductible
• Incentives and tax credits are offered to start a
  plan at reduced costs.
• Assets included in the plan grow tax-free.

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• BENEFITS FOR EMPLOYEES
• Employees get to improve financial security
  during retirement.
• Contributions can be easily made through payroll
  deductions.
• Compounding interest over time facilitates small
  periodical contributions to grow significantly.

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• BENEFITS FOR EMPLOYEES
• Employee contributions help reduce current
  taxable income.
• Retirement assets are transferable from one
  employer to other.
• Contributions and investment gains will not be
  taxed until they are distributed.

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• ESTABLISHING A RETIREMENT PLAN
• The necessary administrative steps include
• Adopting a written plan
• Arranging funds for plans assets
• Notifying eligible employees about plan terms
• Maintaining a recordkeeping system

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• Establishing and maintaining a retirement plan is
  advantageous for both businesses and employees!
• For assistance on retirement plans
  administration, contact the experts at Heartland
  Consulting Group, Inc.
• For details, visit heartcg.com or call (913)
  649-3171.

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