Trust

    Employee Benefit Plans

    A solution that works for your employees as hard as they work for you.

     For more information, please call us at 753-1521.

    Trust Site EmployeePlanning for the future is important and providing a retirement solution for your workforce is a benefit they will appreciate and value. 

    401k Plans

    Widely used, these plans offer flexibility and professional management of your employees' retirement assets. Employee contributions are made on a regular schedule, and an employer is allowed to match those contributions and treat that as an expense for tax purposes, an added advantage.

    Profit Sharing Plans

    This type of plan is funded through discretionary, or voluntary, contributions of a percentage of profits, or by a set formula as decided by the company. There are no required contributions to this plan annually, and employees do not contribute to them, providing maximum flexibility to the employer.

    SEP IRA, Simple 401k & Simple IRA Plans

    These plans are aptly named, as they simplify the process and do not require much of the reporting, rules and tax disclosures that go along with regular 401k and profit sharing plans. They are not as flexible as those other plans, but their lower contribution limits and simplicity can be a very cost-effective solution for small companies.

     

    Trust Officers

    Contact a Trust Officer today to learn more about employee benefit plans.

     

    Non-deposit investment services are not FDIC insured.