Retirement PlanningMoney Purchase Plans

Money Purchase Plans are similar to profit sharing plans, with a few exceptions.  Listed below are some of those exceptions, along with plan features and benefits employers can expect from First National Bank's plans:

Features

  • Employer contributions are required
  • Contributions are made based on compensation
  • Contributions not dependent upon profits
  • Income tax savings on contributions
  • Diversified range of investment options available
  • Internet and telephone account access 24 hours a day, seven days a week

Employer Benefits

  • Plan consulting
  • Plan compliance
  • Attract & retain valuable employees
  • Employer contributions are tax deductible
  • Contributions are based on a consistent contribution formula
  • Ongoing plan communications tailored to the needs of your employees
  • Daily valuation of plan assets
  • Performance reporting
  • Attractive supplement to existing retirement plans
 

 

 

Not FDIC Insured

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