Retirement Plans

The field of retirement planning has grown tremendously in both scope and significance. So it is important to briefly review the many kinds of retirement plans that are available since each plan is designed to fulfill specific needs. Broadly speaking, retirement plans can be divided into two categories: qualified and nonqualified plans.

Qualified plans are those that, by design or by definition, meet certain requirements established by the federal government and, consequently receive favorable tax treatment.

At Beacon Benefit Consulting, we can assist you in determining whether you wish to implement or alter your Retirement Plan.

We offer consultations and plan design for the following Qualified Plans:

• Profit Sharing Plans
• Money-Purchase Plans
• Stock Bonus Plans
• Cash or Deferred Arrangements (401(k) Plans)
• Tax-Sheltered Annuities (403(b) Plans)
• Simplified Employee Pensions (SEPs) (Small Business Owners and Self-Employed Individuals); and
• Savings Incentive Match Plan for Employees (SIMPLE Plans) (Small Business Owners and Self-Employed Individuals).