Failing to plan is planning to fail.

With Statewide Insurance Group, we analyze the demographics of your staff to present the retirement options best for them and you.

Here are some of the more popular retirement program options available:

• Defined Benefit Plan. This traditional retirement plan uses a formula based on salary and years of service to distribute a specific monthly benefit at retirement.
• 401(k) Plan. This type of plan allows employees to defer a portion of their pre-tax income into a tax-deferred retirement savings plan which includes investment selections from a variety of options.
• 403(b) Plan. Also known as a Tax Sheltered Account (TSA), this plan is available only to employees of educational and charitable organizations.
• Section 457 Plan. The 457 plan is available mainly for certain state and local governments and can usually be paired with a 403(b) plan to maximize contributions.
• Employee Stock Ownership Plan (ESOP). This plan allows an employer to periodically contribute company stock toward an employee’s retirement plan.
• Profit-Sharing Plan. With profit-sharing plans, company contributions to an employee’s retirement plan are dependent on company profits. Employee contributions are typically optional.