Retirement Benefits
Helping You Choose & Execute the Right Plan for Your Team
At Nelson Murphy, we understand that offering the right retirement benefits is key to attracting and retaining top talent. We work with businesses and organizations to design, implement, and manage customized retirement plans that meet both employer and employee needs. Whether it’s a traditional 401(k) or something more specialized, we’ll help you navigate the options and ensure your plan runs smoothly.
Our Retirement Solutions:
Tailored Retirement Plans for Your Business
No two businesses are the same, which is why we offer personalized retirement plan solutions designed to fit your company’s unique structure and goals. We’ll guide you through the decision-making process and help you choose the right plan that supports your employees’ retirement goals while offering the most value for your organization.
401(k) Plans:
A Tried-and-True Option
A 401(k) plan remains one of the most popular retirement plans for businesses. We’ll help you choose between traditional and Roth 401(k) options and ensure that the plan is set up to maximize tax benefits for both employers and employees.
How We Help:
Plan Design: Tailor the plan to meet your company’s goals for matching contributions, vesting schedules, and employee participation.
Compliance: We’ll handle all aspects of regulatory compliance, ensuring your plan meets all IRS and Department of Labor requirements.
Employee Education: We provide ongoing support and education to ensure your employees understand and utilize their retirement benefits effectively.
403(b) and 457(b) Plans:
Nonprofit and Government Solutions
For nonprofit organizations, educational institutions, and government entities, offering a 403(b) or 457(b) plan can be an ideal solution. Nelson Murphy specializes in helping you design these tax-advantaged plans to best meet the needs of your employees.
Key Features We Support:
Pre-Tax and Roth Options: We’ll help employees take advantage of both traditional and Roth contributions, providing flexibility in tax strategies.
Plan Management: From investment options to plan administration, we handle the details so you can focus on your organization’s mission.
Custom Solutions: We design 403(b) and 457(b) plans that are fully customized to fit your organization’s unique needs.
Profit Sharing Plans:
Rewarding Your Team
Profit-sharing plans allow you to reward employees by sharing a portion of the company’s profits with them. This flexible retirement plan option aligns your team’s success with the success of your business.
Benefits of Profit Sharing:
Flexibility: Contributions to a profit-sharing plan can be made on a discretionary basis, allowing you to contribute based on your business’s profitability.
Attract and Retain Talent: Offering profit sharing can help your business stand out and attract top-tier talent who want to be invested in the company’s success.
Maximized Contributions: These plans allow for larger employer contributions compared to other retirement plan types, helping employees save more for the future.
Employee Stock Option Plans (ESOPs):
Building Ownership
An ESOP is a powerful tool for building employee loyalty and engagement by giving employees a stake in the company. Nelson Murphy can help you design and implement an employee stock ownership plan that benefits both your business and your workforce.
How We Help with ESOPs:
Plan Design:
We’ll work with you to create a plan that aligns with your company’s goals and helps foster employee ownership.
Tax Advantages:
ESOPs offer a range of tax benefits, both for the company and the employees, which we’ll help you navigate.
Ongoing Support:
From setting up the ESOP to managing its long-term success, we provide the guidance needed for smooth execution.
Why Choose Nelson Murphy for Retirement Benefits?
With years of experience in helping businesses and organizations manage retirement plans, Nelson Murphy offers personalized service and expert advice. We ensure that your retirement benefit offerings are competitive, compliant, and aligned with your business goals.
Ready to Create the Right Retirement Plan for Your Team?
Contact us today to learn how Nelson Murphy can help you design and execute a retirement benefits plan that meets the needs of your business and your employees.
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