Through our Lewer Financial Group, we establish pension and qualified retirement plans that help employers and employees accelerate the accumulation of assets for retirement, while at the same time providing several tax advantages.
Qualified retirement plans, like 401(k) plans and profit-sharing plans, allow employers to take up-front deductions for funding these plans, but employees do not pay taxes on the benefits until they receive them. This tax deferral advantage increases the benefits available at retirement, compared to equal amounts of non-tax deferred private savings by employees.
What can a pension plan do for the employer? A pension plan will help employees save for retirement, while at the same time benefiting owners and key employees. When designing a plan for a business owner, one of the objectives is to significantly increase the benefits he or she will receive, or in some cases, lower the discrimination against the highly compensated individuals with the use of nonqualified executive benefit plans. A pension plan helps recruit, reward, retain and retire employees.
We offer several government-approved qualified retirement plans, like:
To help with your personnel financial planning click here for the Retirement Calculator.
The Lewer Agency can also design nonqualified plans for key employees to provide benefits to executives beyond the limits allowed in qualified plans. These plans can provide "customized" retirement or savings benefits for selected executives.
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Retirement Planning Services
