Strategic Solutions for Comprehensive Employee Benefits
All businesses are only as good as their people. To attract and retain top talent, it is essential in today’s competitive market to offer certain benefits. One main benefit many people often expect is a tax-advantaged retirement plan such as a 401(k) or SIMPLE IRA. In many cases, these plans can be structured such that the tax savings to the owner may cover the cost of operating the plan and even providing a much-appreciated matching contribution for employees.
For newer businesses, we can help with structuring a basic plan that gives you room to grow. For more mature and profitable businesses, we can help you in designing a plan that not only benefits employees, but also offers the owners the opportunity to save large amounts of money for their own retirement at a significant current tax savings.
With the recent changes to the health insurance landscape in this country due to healthcare reform legislation, there are many new rules that impact employers. Depending on the size of your company, you may be mandated to provide some level of affordable coverage for employees. This is an area that is still not fully understood by most people and requires professional guidance to understand your obligations and make appropriate choices. Working with our employee benefits division, Cora Capital Assurance, we will assist you in navigating this potential minefield of regulations.
