Business 401(k) Plans
Many of our clients are business owners who sponsor pension plans for their employees.
As business owners, they know attracting and retaining high-quality employees requires competitive benefits. One of their most valuable benefits is a company retirement plan. These plans also help business owners accumulate more wealth for their own retirements.
The IRS provides different types of pension plans that enable our clients and their employees to accumulate retirement assets in tax-deferred accounts. Depending on circumstances, the best fit might be a 401(k) Plan, Defined Benefit Plan, or a SEP IRA.
We help our clients choose the right plans for their businesses. Then we help our clients with plan design, compliance, investment management, employee education, and record keeping.
Compliance is one of our most important services. Recently, retirement plans have been targeted with lawsuits. Our clients’ potential liability may extend past the value of their businesses. In some situations, there may even be a personal liability. This is why it is critical that our clients’ retirement plans are managed prudently and in accordance with all applicable laws and best practices.
At Lucas Capital Management, our clients have several types of plans:
- 401(k) Plans
- 403(b) Plans
- Simple IRA Plans
- SEP IRA Plans
- Money Purchase Plans
- Defined Benefit Plans
Contact us to see how we can help.