Murray Supplemental Retirement Savings Plans
Sometimes, a basic retirement plan is not enough.
Your Murray business may already offer a 401(k) retirement plan yet did you know that you can provide key employees with another method for increasing retirement savings that offers tax incentives to you as a business owner and other financial gains? In addition to a wide range of insurance products, Dario Garcia Insurance Agency designs supplemental retirement plans that offer profitable advantages to owners and employees alike.
What is a Supplemental Retirement Plan?
In addition to the qualified retirement plans offered to employees, supplemental retirement coverage is a pension plan that can be tailored to provide benefits that exceed those covered in basic retirement plans such as an IRA and 401(k). Supplemental plans can be customized for either a select group of management executives, or other principal employees to ensure that a desired living standard is maintained. Consult with our insurance and retirement specialists to learn how Dario Garcia Insurance Agency programs can help your business.
Incentives for Business Owners
When employees have maxed out their contributions, supplemental retirement plans offer top employees a chance to save more. Give your Murray business an additional boost that encourages your staff to remain engaged and productive. Benefit from many tax advantages as a business owner by consulting with Dario Garcia Insurance Agency advisers for tailor made supplemental savings plans that provide:
- A powerful employee recruiting and retention advantage
- Flexible contribution limits
- Easily structured options according to your business goals
- An opportunity to reward important employees
- Tax deferral incentives
Decide How You Want To Contribute
Murray employers can make additional contributions subject to a particular schedule adding customized elements to each supplemental retirement plan. These customizations are numerous and should be carefully considered while determining the needs and wants of the employee. Our approach is to provide clear descriptions of the possibilities that lay before you with a perfect understanding of your end goals. This strategy allows us to keep the client as the focal point of everything we do and that is why we have been successful for so many years.