Partner with Lake Tahoe Wealth Management to Secure Your Employees' Future
As a business owner or HR professional, you know that offering a competitive benefits package is essential for attracting and retaining top talent. One of the most impactful benefits you can provide is a well-structured retirement plan. At Lake Tahoe Wealth Management, we specialize in helping businesses like yours create customized retirement solutions that not only meet the needs of your employees but also align with your company's financial goals.
Whether you're a small business just getting started or a growing company looking to enhance your employee benefits, we offer a range of retirement plan options designed to give your employees peace of mind and help them prepare for a secure retirement.
Why Offering a Retirement Plan Matters
Providing a retirement plan is more than just a perk—it’s a powerful tool for improving employee satisfaction and boosting productivity. Employees who feel secure about their financial future are more focused, engaged, and loyal. Moreover, offering a retirement plan can improve your company’s ability to attract and retain skilled employees in a competitive job market.
A well-crafted retirement plan also benefits your company in other ways. It can help reduce your taxable income through deductible contributions, while also enhancing your company’s reputation as a great place to work.
Retirement Plan Options for Your Company
At Lake Tahoe Wealth Management, we help businesses navigate a variety of retirement plan options. Our goal is to find the best solution for your company’s size, industry, and budget, ensuring both your business and your employees benefit.
1. 401(k) PlansA 401(k) plan is the most popular retirement plan for businesses of all sizes. Employees can contribute pre-tax income into their 401(k) accounts, and employers can match those contributions, either partially or fully. This plan allows for higher contribution limits compared to other options, making it an attractive choice for businesses that want to help employees save more for retirement.
We offer full-service support in setting up and managing your 401(k) plan. From plan design to compliance and investment options, our team ensures the plan meets all legal requirements and works for your company’s unique needs.
2. SIMPLE IRA PlansIf you’re a small business with fewer than 100 employees, a SIMPLE IRA (Savings Incentive Match Plan for Employees) may be an excellent choice. It’s an affordable and easy-to-administer retirement plan that allows employees to contribute a percentage of their salary, while the company can match contributions up to a certain limit.
A SIMPLE IRA offers a straightforward setup and lower administrative costs compared to more complex plans, making it a cost-effective solution for small businesses looking to provide employees with retirement savings options.
3. SEP IRA PlansFor small to medium-sized businesses, a SEP (Simplified Employee Pension) IRA offers a flexible way to contribute to employee retirement accounts. Unlike 401(k) plans, SEP IRAs are employer-funded only—employees cannot make contributions. This plan allows business owners to adjust contributions based on their business’s financial performance, which is ideal for companies with fluctuating revenue.
SEP IRAs have higher contribution limits than a SIMPLE IRA, providing more opportunity to save for retirement. We help you determine the right contribution strategy that aligns with your business's profitability.
4. Profit Sharing PlansA Profit Sharing Plan allows your company to share its financial success with employees by contributing a percentage of profits to their retirement accounts. These contributions are flexible and can vary from year to year depending on your business's performance, giving you the flexibility to adjust according to your company’s needs.
Profit-sharing plans can also work alongside other retirement plans, such as 401(k)s, to enhance employee engagement and loyalty.
How We Can Help You Build the Right Retirement Plan
At Lake Tahoe Wealth Management, we understand that every business is unique. Our approach to retirement planning is personalized to ensure that the solution we design fits your company’s size, structure, and financial goals. Our services include:
Retirement Plan Consultation: We take the time to understand your company’s needs, budget, and employee demographics, helping you choose the right plan options that will work best for your business and employees.
Plan Design & Customization: Based on your input, we’ll design a plan that is easy to manage and meets the needs of your workforce. Whether you need a 401(k), SIMPLE IRA, or Profit Sharing Plan, we ensure your plan is optimized for success.
Ongoing Plan Administration: Managing a retirement plan can be complex, with ever-changing regulations and compliance requirements. Our team handles the day-to-day administration, including reporting, contribution management, and compliance checks, so you can focus on running your business.
Employee Education & Support: We provide educational resources for your employees, ensuring they understand how to maximize their retirement savings. This support is key to improving participation and engagement in the plan.
Compliance & Regulatory Guidance: Retirement plan regulations can be tricky, but we’re here to ensure your business stays compliant with IRS rules and ERISA guidelines. We manage all compliance-related paperwork and filings to ensure peace of mind for you and your employees.
The Benefits of Working with Lake Tahoe Wealth Management
Choosing Lake Tahoe Wealth Management means you get a trusted partner committed to your success. We pride ourselves on delivering hands-on, personalized service to every client, regardless of company size. By working with us, you gain access to:
Expert Advice: Our team of financial experts will guide you through the planning process, helping you make the best decisions for your company’s future.
Tailored Solutions: We customize retirement plans that align with your business goals and employee needs.
Ongoing Support: From plan setup to daily management, we’re here to help at every stage.
Start Building a Brighter Future for Your Employees Today
If you’re ready to provide your employees with a retirement plan that supports their financial future while benefiting your company, reach out to Lake Tahoe Wealth Management. We’ll help you find the right plan, ensure it’s set up correctly, and manage it for the long term.
Contact us today to schedule a consultation and start building a retirement solution that works for everyone.
Get in Touch
For more information or to set up a meeting, call us at (855)-515-5896 ext.105 or email us at info@laketahoewealthmanagement.com. Let’s work together to create a retirement plan that helps your business thrive and secures your employees' futures.