Good If You...

  • Want to Offer Employees Retirement Benefits Not Tied to the Success of an Investment
  • Offer Employee Retirement Benefits Regardless of Age
  • Desire to Offer a Predictable Employee Benefit
  • Want to Maximize the Deductibility of a Retirement Benefit on Your Business Taxes
 

Features

  • Structured as Liability Paid According to a Formula at Retirement1
  • Required or Voluntary Employee Contribution Options Available1
  • Total Annual Contributions by Employer and Employee Limited1
 
 
Retirement Planning

Retirement Planning

First Citizens Investment & Trust Department2

 
 

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Who Contributes

Investment Vehicles

Good For ...
401(k) Employee & Employer Variety of Non-Insured Investments2 Larger Companies or Companies Willing to Pay Higher Administrative Costs for Greater Investment Flexibility
Defined Benefit Plan Typically Employer, In Some Cases Employee Contributions Are Permitted or Required Structured as a Liability Paid According to a Formula at Retirement Business That Want to Offer Funds for Retirement Not Tied to the Success of an Investment
Employee Stock Option Plan (ESOP) Employer Company Stock Business That Want an Option for Employees to Become Partial Owners
Roth IRA Employee Insured Deposit Accounts or Non-Insured Investments2 Employees Who Prefer to Pay Taxes Now to Avoid Them Later
Savings Incentive Match for Employees (SIMPLE) Employee & Employer Insured Deposit Accounts or Non-Insured Investments2 Small Businesses That Need a Start-up Retirement Plan
Simplified Employee Pension (SEP) Employer Insured Deposit Accounts or Non-Insured Investments2 Business That Want to Offer Tax-Deferred Retirement Savings
Traditional IRA Employee Insured Deposit Accounts or Non-Insured Investments2 Employees Who Want to Build Tax-Deferred Retirement Savings

1 Consult a qualified tax professional for details.

2 Not FDIC Insured • Not Bank Guaranteed • May Lose Value • Not Insured by Any Federal Government Agency • Not a Bank Deposit