Retirement Plans

Saltmarsh's experienced professionals are here to help you take advantage of the benefits of sponsoring a retirement plan for yourself and your employees. Our retirement plan consultants customize a plan that best suits the needs of your company.

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We offer a full range of administrative, consultative and advisory services for all types of defined contribution plans. Typical administrative services include Plan and Trust Accounting, Account Statements, Discrimination Testing, Form 5500 preparation. Consulting services range from Plan design, Plan implementation, to Plan communications. Advisory services would include consulting regarding IRS and DOL Voluntary Correction Programs for document and administrative errors.

Benefits to Employers:

• Corporate tax deduction on contributions
• Shared responsibility – employer and employee working together toward a common goal
• Attract and retain quality employees
• Contributions are tax-deferred
• Maximize contributions to owners
• Tax credit available to small employers
• Tax credit for part of ordinary and necessary costs of starting a qualified plan
• Credit equal to 50% of the cost to set up and administer the plan and educate employees for the first 3 years od the plan (maximum credit $500 per year)

Benefits to Employees:

• Reduce federal income tax withholding by deferring a portion of salary on a pre-tax basis
• Contributions and earnings are tax deferred
• Income tax credit for some taxpayers
• Take control of retirement savings
• Not dependent upon Social Security

Your Retirement Plan is Custom
Designed for You

Your specific goals are central to our consultation. We partner with you to identify the plan features that will meet your goals as an employer. In the plan design process, we identify the best type of plan for maximizing those goals. We offer a full range of administrative services for:

• 401(k) Plans (including Safe Harbor)
• Profit Sharing Plans
• 403(b) Plans

You Have a Partner in Saltmarsh

Our reputation was built on the principles of honesty, integrity, accuracy and the highest levels of service to our clients and community. From installation to ongoing administration, our objective is to provide prompt, accurate, reliable service for both you and your participants. We stand by you every step of the way.

For more information, please contact rampinfo@saltmarshcpa.com.