We Understand Your Dilemma.
Of course, you’d like to offer retirement benefits to your employees. You’d like to show your appreciate for their contributions.
Work Directly with Owners & Managers
Benefit Resources works together with business owners and managers to provide maximum retirement benefits on a cost effective basis.
Partner with Outstanding Professionals
We partner with attorneys, broker/dealers and appraisers to coordinate your access to the necessary disciplines that will keep your plan in compliance.
Building Retirement Security
Benefit Resources Inc. can help you design, implement and administer ESOPs, KSOPs, Profit Sharing Plans and 401(k) Plans.
Employee Stock Ownership Plans
Employee Stock Ownership Plans, or ESOPs, are tax qualified defined contribution employee benefit (ERISA) plans designed to invest primarily in the stock of the sponsoring employer.
ESOPs are “qualified” in the sense that the ESOP’s sponsoring company, the selling shareholder and participants will all receive individual and separate tax benefits. ESOPs are often used as a corporate finance strategy and are also used to align the interests of a company’s employees with those of the company’s shareholders.
Benefit Resources, Inc. can help you design a tailor-made ESOP program to maximize retirement benefits.
Employee Stock Ownership Plans with 401(k) Provisions
Employee Stock Ownership Plans with 401(k) Provisions, or KSOPs, have all the benefits of an ESOP along with the benefits of a 401(k) plan.
Employer contributions to Employee Stock Ownership Plans with 401(k) Provisions may be made with employer stock or in cash, as determined by the Board of Directors. KSOPs benefit companies by reducing expenses that would arise by separately operating an ESOP and 401(k) retirement plans. While also allowing employees to purchase company stock on a pre-tax basis. This allows them to accumulate significantly larger account balances than other methods.
Benefit Resources, Inc. can help you design a tailor-made KSOP program to maximize retirement benefits.
Profit Sharing Plans
Profit Sharing Plans allow employers to share the profits of the company with those employers working to generate the profits; all at the discretion of the Board of Directors.
Profit Sharing Plans give employees a share in the profits of the company, thereby rewarding them for their contributions to the company’s bottom line.
With Profit Sharing Plans, each employee receives a percentage of those profits allocated to the plan based on the employee’s earnings. If your compensation is designed to provide the greatest reward to those making the greatest contribution to the company’s bottom line, a profit sharing plan would work for you.
Benefit Resources, Inc. can help you create and administer a Profit Sharing Plan for your business.
401(k) plans are tax-qualified plans established by employers to which eligible employees may make salary deferral (salary reduction) contributions on a post-tax and/or pretax basis.
This minimizes the employee’s current taxable income while accumulating funds for retirement on a tax deferred basis.
Employers offering a 401(k) plan may make matching or non-elective contributions to the plan on behalf of eligible employees and may also add a profit-sharing feature to the plan. Earnings accrue on a tax-deferred basis.
Benefit Resources, Inc. can help you setup and administer a 401(k) plan to maximize tax benefits and retirement income for your employees.