Retirement PlanningProfit Sharing Plans

Profit Sharing lets employers offer a retirement plan to attract and retain valuable employees.  Listed below are some features and benefits associated with First National Bank's plans:

Features

  • Discretionary employer contributions
  • Contributions may be made regardless of profit
  • Plan recordkeeping
  • Income tax savings on contributions
  • Diversified range of investment options
  • Internet and telephone account access 24 hours a day, seven days a week
  • Daily valuation of plan assets
  • Performance reporting

Employer Benefits

  • Plan consulting
  • Plan compliance
  • Attract and retain valuable employees
  • Plan contributions are tax deductible
  • No commitment to fixed contribution formula
  • Provides incentive to employees to increase profitability
  • Attractive supplement to existing retirement plan
 

 

 

Not FDIC Insured

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