Build a secure future with a strategically designed retirement plan.
Whether it’s for yourself or your employees, investing for retirement requires a plan. Make time work for you, not against you, by creating and funding a strategically sound investment plan for retirement today. The right retirement plan can give you a competitive edge in recruiting and retaining top-performing employees.
We can help you by:
- Designing a comprehensive benefits program that integrates your benefits with the company's business strategy, compensation, and human resource needs while also meeting the needs of your employees
- Designing, implementing, and monitoring a company retirement plan that fits your needs
- Providing Fiduciary and investment services to assist through all stages of the process and ensure fiduciary obligations are met for your plan’s investments
- Finding the best healthcare plan for your business.
- Communicating your employee benefits effectively and educating your employees about your plan structure, investments and employee benefits
We offer many options for benefit planning that we can tailor to your needs.
401(k) Plan
A 401(k) plan is designed to help employees save for retirement while also offering considerable advantages and benefits to the employer. No matter the size of the company, establishing a 401(k) plan can be a win-win for a business owner and for their employees.
401(k) Benefits to Employer:
- can deduct contributions on the business’s federal income tax return, to the extent that the contributions do not exceed certain limitations
- investment gains and elective deferrals are tax-deferred until distribution
- a business tax credit of up to $500 each year for the first 3 years applied to plan startup expense
- allows business owners to attract and retain top talent in their industry and reduce employee turnover
401(k) Benefits to Employee:
- provides employees the opportunity to save pre-tax money that grows tax-deferred
- While employers are not required to offer a contribution, they have the option to contribute a certain dollar amount, regardless of employee salary or they may match a percentage of employee contributions up to a set portion of the employee’s salary.
403(b) Plan
A 403(b) plan is designed for tax-exempt organizations and public school systems. The features of a 403(b) plan resemble those of a traditional 401(k) plan.
SIMPLE 401(k) Plan
A SIMPLE (Savings Incentive Match Plans for Employees) 401(k) is designed to be a cost-effective retirement plan for businesses with 100 or fewer employees. A SIMPLE 401(k) works similar to a traditional 401(k), but as the name implies, it is a simplified version with no start-up or ongoing administrative costs. The employer has the option to annually match employee contributions up to 3% or make a non-elective 2% contribution of each eligible employee’s annual salary.
Solo 401(k) Plan
A Solo 401(k) is a retirement plan designed for business owners or self-employed individuals with no full time employees (apart from a spouse) who want to significantly increase their retirement savings. In many ways, a Solo 401(k) is similar to a traditional 401(k), however, the owner participates as both employer and employee. This allows the owner to set aside more money each year than they would be able to under a standard 401(k) or other small business retirement plan.
SEP IRA Plan
SEP (Simplified Employee Pension) IRAs are tax-deductible retirement accounts designed to benefit self-employed individuals and small business owners. Plans are funded solely by employer contributions. A SEP IRA allows for higher tax-deductible contributions, tax-deferred growth, simple account maintenance and flexible contribution schedules. Any size or type of business can benefit from this flexible, simple retirement plan.
Investments managed by KS Bank’s Trust Department are: Not Insured by FDIC or Any Other Government Agency | Not Bank Guaranteed | Not Bank Deposits or Obligations | May Lose Value
Find the best healthcare plan for your business.
Together, KS Bank and our benefits broker partner are finding ways to help customers fine-tune their benefits, including health, life, dental, vision, disability and voluntary insurance. Whether you already have a plan or are new to benefits, we can help meet the goals and objectives of all stakeholders, including employees.