401(k) for Business - Grey Ledge Advisors Wealth Management

Are you a small business owner in Connecticut looking for an advantage in the competitive labor market? Offering a company retirement or 401(k) plan can be a key strategic asset that helps you stand out.

Local & Trusted Retirement Plan Provider – Grey Ledge Advisors, Guilford, CT

As a small business owner, you need local, reliable, and strong partnerships to succeed. Grey Ledge Advisors will help you create a business retirement plan to attract and retain employees. Business retirement plans also provide tax advantages for your small business and may offer greater flexibility in your cash flow.

Grey Ledge Advisors is located in Guilford, CT and offers several types of 401(k) plans that are perfect for your small business. Our top business retirement plan offerings include 401(k) plans, Cash Balance Plans, SIMPLE IRAs, and SEP IRAs.

Setting up and managing a 401(k) plan for your small business with Grey Ledge includes online tools and personalized assistance. Grey Ledge provides assistance with automated investment options, compliance help, and employee education resources to help your small business implement and maintain a winning retirement plan.

Small Business Retirement Options Offered by Grey Ledge Advisors

401(k) Plans

Certain 401(k) plans are tailored for small businesses, including Traditional, Safe Harbor, and Solo 401(k) plans.

Benefits: These plans help in attracting and retaining employees, providing tax advantages, and offering flexibility in plan design.
Features: High contribution limits, customizable plan features, and support for efficient management and compliance.

Cash Balance Plans

Cash Balance Plans are a defined benefit retirement plan, allowing small business owners with fewer employees to maximize retirement contributions for themselves and their workers.

Benefits: Higher contribution limits, tax-deferred growth, and efficient integration into business succession plans.
Features: Guaranteed benefits, flexible funding options, and support for setup and administration

SIMPLE IRA

The SIMPLE IRA plan is designed for small businesses with fewer employees, providing a straightforward and cost-effective retirement solution.

Benefits: Easy administration, and simplicity in setup and management.
Features: Lower administrative burden and tax advantages for both the business and employees.

SEP IRA

SEP IRAs are a suitable option for self-employed individuals and small businesses with very few employees.

Benefits: Allows for higher contribution limits than SIMPLE IRAs, minimal administrative requirements, and flexibility in contributions.
Features: Easy setup, high contribution limits, and minimal ongoing administrative tasks.