Retirement Plans
Retirement plans help to make saving for the future and building retirement security a little easier. Regardless of the size of your business, we have a retirement plan that will fit your needs. We offer SEP, SIMPLE IRAs and 401K plans.
Simplified Employee Pension - SEP IRA
- Easy to set up and maintain
- Low start-up and operating costs
- Employer contributions
- Flexibility- employer decides whether to make contributions year-to-year
- Most employers, including self-employed can establish a SEP
SIMPLE IRA
- Low start-up and operating costs
- Employers with 100 or fewer employees
- Employee Deferral permitted up to IRS limits
- Employer match contributions required (formula applies)
401K Plans
- Plan design & document support
- Installation and Plan Conversion Services
- High level of employee deferrals permitted
- Trust & Recordkeeping Services
- Employee Education
Call CNB Trust and Investment Services for more information at 517-371-3371.