Retirement plans can play a significant role in a business owner’s financial plan in addition to providing a benefit that can serve to attract and retain employees.  A properly designed plan can also provide current tax benefits. 

Teal, Becker & Chiaramonte, CPAs, P.C. can provide the entire solution to your retirement plan needs by providing the following three key elements: 

• Plan Design & Review of Existing Plans
• Investment Choices
• Ongoing Plan Administration  

Plan Design & Review of Existing Plans - We can design a plan that fits your specific needs including 401(k) plans, profit sharing plans, safe harbor, and class based plans or evaluate your existing plan to determine if a different design would be more beneficial.

Investment Choices  - We offer investment platforms for you to choose from that provide daily valuation and internet access.  We have access to local independent investment advisors to help you decide which alternatives are the right choice for your business. 

Ongoing Administration - Often overlooked, plan administration is a key part of a qualified retirement plan. The U.S. Department of Labor and the Internal Revenue Service have specific requirements for retirement plans to remain qualified including annual testing for non-discrimination and filing of annual reports with the Employee Benefit Security Administration.

For more information contact Jim Wimmer or Karen Foster at (518)456-6663 Ext 152.