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Phone: (217) 773-3397
Email: chad@ynagency.com
339 Dorchester St, South Boston, MA 02127, United States of America
Group Retirement Planning
Long-Term Employee Security
Effective Group Retirement Plans
Group retirement planning offers a structured approach to help employees save for their future. By providing a range of retirement plan options, such as 401(k)s and pension plans, you enhance your employees' benefits and support their long-term financial security. Understanding the different plans available and their benefits will help you select the best options for your organization, fostering a more satisfied and financially secure workforce.
How do I choose the right group retirement plan for my company?
Consider factors such as your company's budget, the needs and preferences of your employees, and the types of plans available. Consult with retirement plan advisors to select a plan that aligns with your company's goals and provides the best benefits for your employees.
Can employees contribute to a group retirement plan on a pre-tax basis?
Yes, many group retirement plans allow employees to make pre-tax contributions, which reduce their taxable income and grow tax-deferred until withdrawal. This can be a significant advantage for employees saving for retirement.
What is the difference between a defined benefit and a defined contribution plan?
A defined benefit plan provides a guaranteed payout at retirement based on factors such as salary and years of service. A defined contribution plan, such as a 401(k), relies on contributions from the employee and possibly the employer, with the final benefit depending on investment performance.
We're Here to Help.
At Yingling & Nuessen, we recognize the importance of providing a plan that helps your employees prepare for their future. Our experienced team is here to assist you in selecting the right group retirement options, from 401(k) plans to pension schemes, ensuring they align with your organization's objectives and employee needs. We offer personalized advice and support to help you create a retirement plan that benefits both your employees and your business. Contact us today to explore the best group retirement solutions for your team.