Retirement plans provide security for the future for both business owners and employees. Each business is unique, and we specialize in designing the right plan for your business. The following is a brief description of the most common types of plans that qualify for tax-deductible contributions.

• The defined benefit pension plan guarantees a specific benefit at retirement. Defined benefit plans generally work well for well established companies with consistent profits.
  
• The defined contribution 401(k) plan allows employees to establish the amount of tax-deferred contributions to be made to the plan.
  
• The defined contribution profit sharing plan is available to any business entity desiring to share profits with employees and may include the popular 401(k) feature.
  
• Simplified Employee Pension (SEP) plans are designed to emphasize simplicity.
  
• SIMPLE plans can be established as IRAs or as 401(k) plans. SIMPLE plans are like 401(k) plans in that they allow for employee deferrals. Like the SEP, they are designed to emphasize simplicity and are easily understood by employees.