HSA
A win-win for employers & employees! HSA's give employees more control over their health care dollars. Employers and employees can save money on insurance premiums with lower-cost HSA-eligible health insurance plans.
- Interest bearing checking account
- No minimum deposit required to open
- Free debit card, online banking & bill pay
- Free direct deposit available
- Free electronic statements
- Checks available
- Employer contributions are tax deductible
IRA
IRA (Individual Retirement Account) is a tax-advantaged savings vehicle - putting you in charge of your retirement plan. The specific tax benefit depends on the type of IRA: Roth or Traditional. We’re happy to talk to you about the difference between the two, but advise you see a tax advisor to help you determine which is best for you.
- Can rollover from an employer plan
- Transfer from an existing IRA
- Start funding a new plan with as little as $100
- Lump Sum Deposit (Contribution Limits apply for lump sum deposits)
- Depending on your plan, you may qualify for tax credits, or funds may grow tax free
SEPS
SEP (Simplified Employee Pension Plans) are a plan that allows you to provide a retirement benefit to your employees. SEP plans help employers attract and retain quality employees while meeting the increasing need for financial security at retirement.
- Sole proprietor, partnership, and corporation all qualify
- Plan contributions are tax deductible to the employer
- Employers set eligibility criteria such as: Age, Service, & Compensation
- Earnings are not taxed until they are withdrawn for employees