Welcome to Benefits Plans Services Inc.
Choosing the right type of retirement plan for your company can be a challenge. The size of your company, age demographics within the company, and desired annual contributions/ tax deductions all play important parts in deciding the plan type and plan options that are the most suitable for your needs. We are available to meet with you and your financial advisor and CPA by conference call or in-person to discuss and review potential plan design options.
Having a retirement plan can help acquire and preserve your desired workforce. Many individuals today believe that Social Security benefits will not be sufficient to sustain their standard of living during retirement and additional income will be needed. An employer sponsored retirement plan is a great way to help your employees supplement their income and create tax savings for your business at the same time. Not only can the employer contributions be a tax deduction for the employer, some employee contributions can also reduce the payroll taxes paid by the employer.