Customized Approaches to Business Retirement Plans. The quality of your retirement program can be key to attracting and retaining your best employees. But retirement plans are also an administrative challenge. At NewAlliance, we've developed a customized approach to business retirement planning. We'll work with you to get the right retirement plan for your business, whether you have one employee (yourself), dozens, or even hundreds.
A qualified plan is one that satisfies numerous IRS revenue code requirements and allows your business to deduct contributions on behalf of each employee.
Offered through NewAlliance Bank Retirement Services Department and NewAlliance Investments Inc.:
- Profit-sharing plans*
- Money purchase pension plans*
- Simplified employee pension (SEP) plans*
- Traditional IRAs*
- Roth IRAs*
Offered through NewAlliance Investments Inc.:
- 401(k) plans*
- Employee stock ownership plans (ESOPs)*
- Defined benefit pension plans*
- Simple IRAs*
Nonqualified deferred compensation plans are designed exclusively for key employees. Despite the loss of tax-deductible contributions, nonqualified plans are becoming increasingly popular because they can offer more flexibility in creating a package that will attract top talent.
If your business is small and you want a qualified plan with low startup and administrative costs, contact our Retirement Services Department at 800.892.2096. If your business is larger or growing and you have more complex needs, call NewAlliance Investments Inc. at 203.396.2207 and set up an appointment with a retirement plan specialist to design and implement a customized plan that will fit your precise needs.