|
Whether your
business is large or small, you need to provide attractive benefits
to retain your best employees. Farmers & Merchants Bank can
help with Individual Retirement Accounts
and Simplified Employee Pension Plans.
Farmers
& Merchants Financial Services, Inc. can help with a full
range of 401(K) and pension plan options. Contact
us and our investment professionals will discuss your specific
needs.
Products offered
by Farmers & Merchants Financial
Services, Inc. are: not a deposit, not FDIC-insured, not insured
by any federal government agency, not guaranteed by the bank, and
may go down in value.
A reference
chart is included below to help you determine which kind of
retirement plan might be best for your business.
Simplified
Employee Pension Plans
Also
known as SEPs, Simplified Employee Pension Plans enable smaller
businesses to provide retirement benefits with lower costs and fewer
reporting requirements than other qualified retirement plans. SEPs
are essentially a group of individual IRAs which the company maintains
for each participating employee. Because the company's contributions
are subject to SEP rather than IRA contribution limits, SEPs offer
a very attractive solution for both employer and employee.
Contact
us and our IRA experts will discuss your needs with you.
Retirement
plan chart from BI Investments.
|
