The experts at Katz, Sapper & Miller recognize the impact employee retention has on your long-term profitability. They know the cost to replace and train a new hire can be as much as twice that person's salary.
That's why Katz, Sapper & Miller maintains a deep knowledge of employee benefits programs and stays current on the trends and regulations that continually affect those programs and your hiring and retention of good "career" people.
Retirement Solutions for Small Businesses
The fact that Americans are increasingly responsible for funding their own retirement has been extensively reported. Additionally, today's economic environment and the rapid approach of retirement age for tens of millions of Americans have made the necessity of retirement planning more urgent than ever.
Can you manage the resources of your business to meet that challenge? Some of the questions that you may be asking might include:
- What type of plan can I afford to offer my employees?
- What tax advantages will my business receive?
- What if my profits or cash flow vary from year to year?
- What happens when my business grows?
- How will a plan help me meet my own retirement goals?
Regardless of the type of plan you establish, Katz, Sapper & Miller can assist you with enjoying the following advantages of establishing a retirement plan:
- Your business will receive a tax deduction.
- Having a retirement plan can attract and retain key employees.
- You have the security of knowing that you are funding your own retirement.
- All contributions are tax-deferred until withdrawn from the plan.
- You will be able to minimize administrative responsibilities, depending upon the plan selected.
- You will be able to select a plan that can be customized to meet your needs and cost requirements.
Several plan choices are available to you as a business owner. These choices vary in cost, features, and complexity. However, making a decision about retirement benefits is more complex than just choosing a plan. It also involves considering the investment structure, the administration of the plan, and several other factors. Katz, Sapper & Miller can assist you with selecting the best possible retirement plan solution for your specific needs.
Katz, Sapper & Miller's experience and knowledge will enable us to thoroughly evaluate your situation. We can review your company's unique set of circumstances and help you decide which benefit plan will best meet your financial, tax, and retirement needs.