STANLEY PENSION SERVICES

Must a Company Incorporate to sponsor a qualified retirement plan?

No. The benefits of sponsoring a qualified retirement plan are available to incorporated and unincorporated businesses alike.  Sole Proprietorships, Partnerships and Limited Liabilities Corporations are all allowed the same opportunity to sponsor a plan.

Why should a company sponsor a qualified plan?

A qualified retirement plan is one of the best tax shelters currently available. The employer is allowed a current deduction for it's contributions to the plan and the employee pays no tax on money contributed for the employee's benefit until it is distributed.  The earnings also accumulate tax deferred.

Additonally, a qualified retirement plan can attract quality employees, reduce employee turnover, provide employee incentive and facilitate and protect the accumulation of retirement funds.

Which plan is right for your company?

Each company has their own specialized needs and situations. Many issues help us determine which plan provides the best opportunities for your particular company. 

Some of the issues considered are current and future cash flow, priority to reduce taxable income, planning for your retirement income, and a desire to reward employee performance.