Qualified plans are designed to give employees and employers the ability to save for retirement.

Employers offer retirement for several reasons:

• Attract and retain quality employees
• Improve morale, productivity and profits
• Reduce employee turnover
• Help provide for a secure retirement

Tax advantages gained by offering retirement are:

• Contributions are tax deductible by the employer
• Contributions are not taxable as current income to participants, except for Economic Benefit costs
• Benefits, even when 100 percent vested, are not taxable until distribution occurs
• The earnings of the trust are tax deferred

Employers are looking for help with the complexities associated with qualified plan design, management and investment selection. S.S. Nesbitt has the resources to help with all aspects of plan operations. Whether looking to start a new plan or redesign an existing plan, take advantage of our resources and team.

Plans

SIMPLE's
SEP's
401(k) Profit Sharing Plan
Money Purchase Pension Plan
Cash Balance Plan
Target Benefit Plan
457 Plan
Defined Benefit Pension Plan
412(i) Plan

Design

Feasibility studies for new plans
Existing plan review and redesign

Implementation and Administration

Recordkeeping and reporting (plan participants and government)
Creation of Investment Policy Statements (IPS)
How to conduct a fiduciary review
Negotiating with plan providers

Employee Communication

Enrollment
Educational seminars for employees

 

Investment Advisor Representative of Investment Advisors, a Registered Investment Advisor and a division of ProEquities, Inc. Securities offered through ProEquities, Inc., a registered broker-dealer, and a member of FINRA & SIPC. S.S. Nesbitt & Co., Inc., is independent of ProEquities, Inc.

Rick W. McQuiston, CLU, ChFC is licensed in Alabama, Mississippi, New Mexico and Tennessee, Series 6, Series 26, Series 63 and Series 65.

Rick McQuiston
Chartered Financial Consultant

E-mail Rick