Designing The Right Retirement Plan For You
Our retirement programs and services are specially designed for all types of companies and organizations. Commerce Capital Markets specialists have:
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A solid understanding of investments and tax advantaged programs |
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Extensive relationships with investment and insurance companies to ensure your assets are invested with well-established organizations |
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The expertise to advise you of the most appropriate products and services to meet your needs |
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A thorough knowledge of all relevant legislation to assist you with federal and state regulations |
401(a) - Exclusive Benefit Plan
A 401(a) Exclusive Benefit Plan is an employer funded retirement account. Contributions are made by the employer only. The maximum annual contribution can be as much as 25% of salary or $41,000, whichever is less. Government organizations benefit from the exemption of the nondiscrimination requirements of the Internal Revenue Code, Section 401(a).
403(b) - Tax-Deferred Plan
A 403(b) Tax-Deferred Plan is for 501(c)(3) tax-exempt organizations and public school systems. Employees can contribute up to 100% of salary to a maximum limit of $13,000 annually. Employer contributions are allowed with a maximum combined contribution up to 25% of compensation not to exceed $41,000 annually.
457(b) - Deferred Compensation Plan
A 457(b) Deferred Compensation Plan is for employees of municipalities and government entities. The maximum annual contribution to the plan is up to 100% of gross salary or $13,000, whichever is less. A special catch-up provision allows employees nearing retirement to contribute up to $24,000 annually.
More Information On How Commerce Capital Markets Can Help You
To learn how Commerce can help you achieve your retirement plan objectives, please contact Michael Hagelgans at 1-888-751-9000, or e-mail us.
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