Offering a retirement plan to your employees has many benefits, including business tax reductions and attracting top worker talent. While the advantages seem obvious, the complexities of setting up and maintaining small business retirement plans are not. Which plan should I offer? What federal regulations do I have to follow? Enter Connect & Simplify.
Connect & Simplify, offered through The Benefit Companies, helps Wisconsin small businesses simplify the complex processes of employee benefits packages, including retirement plans, under one roof. Get started with our employee retirement plan service and reap the benefits of offering fulfilling retirement packages to your staff.
Have a question? Contact us today.
Effective retirement plans meet employee needs while providing large tax savings for employers. Retirement brokers from The Benefit Companies work with you to determine appropriate plans based on your company’s goals and objectives.
Our retirement planning services help small businesses attract top talent, improve workforce stability, relieve stress and increase company productivity, all while creating a layer of security for your workforce.
Employee retirement plans help Wisconsin small businesses gain a competitive edge and promote employee well-being. Our Wisconsin retirement solutions cater specifically to the unique needs of small businesses. Here's how partnering with Connect & Simplify’s retirement plan specialists can benefit your organization:
Prioritizing employee retirement plans can help Wisconsin small businesses create a more secure and motivated workforce. Our retirement plan specialists help you design and implement the ideal employee retirement offering for your unique needs.
Administration and compliance can create unnecessary burdens for Wisconsin employers. Accurate and timely processing is crucial to maintain compliance and reduce risk. Our best-in-class third-party-administered employee retirement plan service handles plan compliance so you can focus on growing your business.
This podcast was recorded at Connect & Simplify™ HQ in Brookfield, Wisconsin. We help hundreds of businesses in Milwaukee, Madison, Green Bay and other state-wide cities with their employee retirement plans. For many businesses with 50-250 employees, Connect & Simplify™ is a profitable or more effective alternative to full-time employees dedicating all or some of their time to managing the chaotic and complex problems of employee retirement plans. Contact us for a FREE consultation.
There are more benefits to offering employee retirement plans at your company than you might think. Employee 401(K) plans can effectively attract and retain top talent and improve employee satisfaction. Retirement plans can also help owners take advantage of tax savings to potentially make the cost of offering a 401(K) for your employees FREE!! Retirement plans have become an expectation of employees in today’s job market. We often find many Wisconsin small businesses are unaware of how easy it is to offer employee benefits packages.
Listen as Roger Fuerstenau sits down with our newest teammate, Paul Dowd, CIMA®, AIF® to discuss offering employee retirement plans. Hear why your Wisconsin small business should have a retirement plan if you don’t already have one. When is the right time to add one? Do you want to keep top employees? What are some of the benefits? Get the answers to these questions and more by tuning in to this week’s episode.
Popular retirement plans to offer employees include 401(k)s, 403(b)s, profit-sharing and pension plans.
401k pricing is based on the services selected for the plan. Actual pricing is usually based on a formula comparing total assets in the plan, average participant balances, number of participants and the administrative duties necessary to run the plan.
Example pricing below:
There is no mandated requirement for retirement plan sponsors to benchmark their plans on a set timeframe. However, the Department of Labor will assume plans will have a benchmark study done for fees and services every 3 to 5 years.
A well-designed match program can create a powerful incentive for employees to join the plan. Matching programs can be designed to make a plan qualify for Safe Harbor protection related to compliance testing requirements.
There is no requirement for an employer to match employee contributions.
A quality advisor will coordinate services between plan vendors to confirm all employee notices are created and delivered on time.
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