Retirement

Selecting a retirement plan for your nonprofit organization's employees is one of the most significant decisions you will make.
A quality retirement plan can provide financial security for your employees in the future. And, it can benefit you today by attracting and retaining valuable employees to your organization. Yet, affordability and flexibility considerations must also go into your decision.

You may choose from a variety of plan designs:
403(b), 401(k), money purchase or profit sharing.

Your program can be designed so that it is

• Funded solely by 403(b) voluntary employee contributions. Employees can make tax-deferred contributions to the plan through payroll deduction, up to the maximum amounts established by law. This simple plan design offers ease of administration at the participant level.
  
  
• Funded by employer contributions, either in whole or in part. Under the law, these plans allow more flexibility in their design, but they also require plan level administration and reporting.

For more information about which type of plan your group may be eligible for, please click here.

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