Planning Positive Futures for Employers & Employees
As a one-stop shop, we help employers and employees set up retirement plans, we help with investment management, and we help with overall financial planning for you, your business, and your family’s future. If you are local to the Southwest corner of Indiana, contact our office in Evansville, IN, for assistance. It’s never too late to get your finances in order.
Employer-Sponsored Retirement Plans
Our dedicated team has decades of experience providing retirement plan services to employers. We will help you establish a plan for your employees that keeps you in compliance with the rules and regulations of each plan. We also provide compliance testing, non-discrimination testing, and government filings. In addition, we can help with investment selection and enrollment and provide ongoing support.
401(k) Profit Sharing Plan
A 401(k) Profit Sharing Plan is a retirement savings plan that allows employees to contribute pre-tax dollars to their account, which is then matched by their employer up to a certain percentage.
Safe Harbor Plan – Manage your taxes by deferring them to a future year, and this plan makes sure you don’t have to pay taxes on any income you make in the current year, even if it’s not enough to pay off your tax bill.
Permitted Disparity – Permitted disparity is a provision that allows employers to offer employees different retirement plans based on factors like age, years of service, and compensation level.
New Comparability – This is a way for employers to offer more money in retirement savings plans and give their employees a raise without increasing their base salary.
The Simplified Employee Pension (SEP) is an IRS-approved retirement plan that allows you to contribute to your employee’s retirement. You set up the plan with your financial institution and fund it with a percentage of each employee’s salary (that percentage can vary from 3% to 25%).
Individual 401(k)s allow you to contribute more money than you would be able to if you were using a traditional or Roth IRA. You can also invest in a wider variety of stocks, bonds, mutual funds, and other investments with an individual 401(k).
An individual 401(k) can be used as an investment vehicle for retirement planning, but it’s not meant to replace an employer-sponsored retirement plan like a pension or profit-sharing plan.
529 College Savings Accounts
Individual Retirement Account (IRA)
Freeman, Will & Niemeier Inc.
Monday – Friday: 8:00 AM to 5:00 PM
Saturday – Sunday: Closed
1919 West Franklin St.
Evansville, IN 47712