The business landscape has changed drastically. Few employees work for a single company for the duration of their careers, and pensions and other retirement benefits are largely bygones. As an employer, you can show your employees that you’re dedicated to them by offering savings investment options.
For businesses with 100 or fewer employees, SIMPLE works much like a 401(k). Employees contribute a portion of pay, but without the tax-filing and administrative costs associated with traditional plans.
This tax- and accounting-favored retirement program lets you make tax-deductible deposits into the Traditional IRA accounts of eligible employees. Simplified Employee Pensions are for companies of any size and allow for a contribution of up to 25% of each employee’s pay. They do not have the start-up and operating costs of a conventional retirement plan.
Field & Main makes a concerted effort to understand your business. If there’s any question we can answer or any resource we can provide, we’re more than willing to sit down with you. Let’s find a solution together.
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Sweep AccountsSecurities offered through LPL Financial, Member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. The investment products sold though LPL Financial are not insured by Field & Main Bank deposits and are not FDIC insured. These products are not obligations of Field & Main Bank and are not endorsed, recommended or guaranteed by Field & Main Bank or any Federal Government Agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible. Field & Main Bank and Field & Main Investments are not registered brokers/dealers and are not affiliated with LPL Financial. The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: Kentucky, Indiana, Florida, Mississippi, Missouri, North Carolina and Virginia.
