A retirement plan offers many benefits to you, your business, and your employees.
Retirement plans provide an easy and disciplined way to save for an employee's financial security when they are ready to retire. In addition, as a bonus, the Internal Revenue Service and Department of Labor guidelines give significant tax advantages, tax-deferred growth, and other incentives to businesses that establish these plans. Recent tax-law changes have made it more appealing than ever to establish and contribute to a retirement plan.
A good place to start learning about and setting up a retirement plan for your business is with Davenport & Company LLC. Our Investment Executives can serve as a consultant and facilitator to make sure your company's needs and concerns are carefully considered for your plan. We coordinate for our clients:
Three of the most popular plans are:
Other plans include:
Each of these plans has unique characteristics that make them attractive for the business owners. To get the guidance you need to select a plan that is right for your business, talk with a Davenport Investment Executive today.