Retirement Plan Services
Pension Plans
Pension Plans let employers offer employees a different retirement vehicle than 401(k), Profit Sharing, or Money Purchase Plan.
Listed below are some features and benefits associated with First National
Bank's plans:
Features
- Allows retirees to count on a specified income
- Plan is fully funded by the employer
- Employee benefit is calculated by a specific formula
- Provides a great benefit to long time and older employees
- Requires annual employer contributions
Employer Benefits
- Employer contributions are tax deductible
- Attract and retain valuable employees
- Contributions are based on actuarial calculations
- Allows for greater accumulation of personal retirement benefits
- Attractive supplement to existing retirement plan
- Ongoing plan communications tailored to fit the needs of your employees
NOT A DEPOSIT
NOT FDIC-INSURED
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
NOT GUARANTEED BY THE BANK
MAY GO DOWN IN VALUE
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