An employee profit sharing plan is a retirement option fueled solely by employer contributions as a means of enticing and retaining the best employees. Likewise, company pension plans involve employer contributions on behalf of the employees and are a way bosses can show their staff they want to keep them on board for the long haul. Dean & Draper can assist you in setting up a pension or profit sharing plan for your company that both you and your employees can benefit from. Our team specializes in pension management and administration to ensure your employees understand their retirement options and you understand the costs and responsibilities of your company.
Similarly to a 401(k) retirement plan, pension and profit sharing plans have a number of advantages for both you and your staff:
Advantages of Profit Sharing & Pension Services for the Employer:
- Allows you to deduct your contributions from taxes as business expense
- Allows you to provide a meaningful plan at an affordable cost
- Lets you focus contributions on merit pay
- Helps recruit and keep quality employees
Advantages for Your Employees:
- Defer taxes on the employer's contributions and the employee's earnings until the plan pays benefits
- Build retirement security
Learn More About Employee Profit Sharing & Pension Plans
Pension and profit sharing solutions are a great way to attract the best employees and show them you want them to stick around. Dean & Draper's experts will help you determine the right approach to profit sharing and pension plans for you. For more information on our employee pension & profit sharing plans for Houston, TX and beyond, please call 1 (888) 266-2680 or (713) 527-0444 to speak to a Dean & Draper representative, or fill out the form below.