Banner Wealth and Investment Services | Business Retirement Plans

Retirement plans for owners and employees.

There are many retirement savings plan options for business owners and their employees, including a SIMPLE IRA, SEP or 401(k). A Banner financial advisor can help you select the most appropriate plan for you and your employees.
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SIMPLE IRA

Savings Incentive Match Plan for Employees (SIMPLE) IRA is a retirement savings plan for small employers (less than 100 employees) who want a simple and cost-effective way to help their employees save for retirement.

SEP

A Simplified Employee Pension Plan, or SEP, is an employer-funded retirement account. SEPs are easy to establish and maintain, require minimal IRS filings and paperwork, and are low cost. These plans can be established by sole proprietors, partnerships, corporations, nonprofits and government entities. Contribution limits and employee eligibility requirements apply.

401(k)

A 401(k) is a tax-deferred retirement savings account offered by employers to their employees. Employees contribute money to their account on a pre-tax basis and employers can choose to match a percentage of that contribution. Employees have the freedom to choose investments that meet their unique tolerance for risk and time horizon, whether it’s conservative, moderate or aggressive. Typically, salary deferrals are withheld each pay period and annual contribution limits apply.

Ready to get started?

Contact one of our financial advisors to start planning for your future, today.

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