Small businesses employ nearly half of the private-sector workers in the United States. Of those small businesses, 31% offer a retirement plan for their employees. For small businesses, a well-run retirement plan is a great recruitment and retention tool.
We know that you care about your people. Kyle R. Hauenstein, Fiduciary Advisor – Retirement Plan Services Specialist at Two Rivers, loves helping small business employees. “Being able to give back to the community and taking care of the people who live here is a top priority here at Two Rivers,” he said. “We get to sit down with people who might not normally seek or have the ability to seek professional financial advice. We lean on the people in our community for their expertise in a number of areas. Being able to help those same people that we rely on to plan for their retirement is the least we can do.”
We also know running a retirement plan can seem like a daunting task. Keeping up with the ever-changing regulations, and monitoring investment options can take precious time away from your business. What you might not know is, you have options.
Two Rivers Bank & Trust offers Business 401(k) and Retirement Plans for your company. But, we don’t just offer a plan, we offer our services as well. Our retirement plan services specialists are available for a no cost retirement plan analysis.
The review can be done in the comfort of your office, and in as little as 30 minutes. We will help you compare costs to industry standards, uncover hidden fees, identify potential liabilities, and suggest options for upgrades to your current plan. Our Business Retirement Plan Clients benefit from on-site visits with education for your employees to ensure everyone understands the plan and their options. Our offerings are not limited to 401(k) and 403(b) plans. We also offer additional types of retirement plans, including but not limited to, pension plans and traditional, Roth, SEP, & SIMPLE IRAs.
With increased scrutiny from the Department of Labor on cost and appropriateness of investments offered through your retirement plan, coupled with the rising trend of legal action from employees on those grounds, now is the time for an in-depth retirement plan review.
Give us a call, or visit us, at Two Rivers to schedule your no cost retirement plan analysis. Our retirement plan services specialists work with you and your business to help your employees plan for the future.