How can my business provide retirement benefits?
Choosing the right retirement plan for your business is one of the most important financial decisions you can make whether you are self-employed or incorporated, whether you have no employees or many. Not only can you set aside funds for your own financial security, but a retirement plan can also attract quality employees to your company and provide them with the financial incentive to stay.
Unfortunately, employer sponsored retirement planning involves compliance with a myriad of rules and laws. For that reason, is best to work with experienced professionals who can help you navigate tough decisions.
What could I expect working with First Mid?
At First Mid, our team of financial advisors, along with our employer sponsored plan professionals, guides you through the maze of regulations and works with you to develop a plan specifically tailored to the needs of your business.
Using a consultative approach, our experienced team will dig deep to identify your business’ specific retirement plan needs and create a strategy that’s right for you. From big picture planning to the practical education your employees need to understand their benefits, we provide the total package, including:
- Plan design and plan effectiveness review
- Investment selection and performance review (core fund lineup, professionally managed investment solutions, etc.)
- Conversion process oversight
- Participant assistance and education
We also pride ourselves on fee transparency, and we never hide our fees and charges from you. If you already offer a retirement plan, we can help you understand where all of the various hidden fees may be found. And while we offer the same technology and investment options as larger plan providers, you will never feel like you are dealing with someone at the end of an “800 number.” Our team of experienced professionals is always available to sit down and discuss your needs face to face.
Selecting the right retirement plan.
Choosing the right retirement plan for your business is a crucial step. First Mid is here to help you with all the choices out there, including these common plan types:
- Traditional and Safe Harbor 401(k)
- Profit Sharing
- Simplified Employee Pension (SEP)
- SIMPLE IRA’s
- Traditional and Roth IRA’s
- Non-Qualified
How can I get started?
Contact a Financial Advisor in your area to get started.
Securities are offered through Raymond James Financial Services, Inc. member FINRA / SIPC, an independent broker/dealer, and are not insured by FDIC or any other bank insurance or government agency, are not deposits or obligations of the bank, are not guaranteed by the bank, and are subject to risks including the possible loss of principal. Raymond James Privacy Notice.
First Mid Bank & Trust and First Mid Wealth Management are not registered broker/dealers and are independent of Raymond James Financial Services. Investment advisory services offered through Raymond James Financial Services Advisors, Inc.
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