Retirement Plans

Our Wealth and Trust Management (WTM) team offers several retirement plan options:


401(K) Plans

401(k) Plans are the most popular retirement plan offered today. This plan enables employees to save for retirement by making pre-tax or Roth contributions from their salary. Employers may also deposit various types of contributions to aid in their employees’ retirement. These plans may offer participants a variety of diverse mutual funds or may be managed by our professional Wealth and Trust Management investment staff.


Profit Sharing Plans

WTM's profit sharing plans satisfy employers' goals that desire to provide retirement savings for their employees while still maintaining a great deal of flexibility in the levels of contributions. Typically, these plans consist of only employer-provided contributions.

 

Defined Benefit Plans

WTM's defined benefit plans typically provide a monthly benefit to employees during retirement years based upon a fixed formula in the plan. Employees do not contribute to this type of plan, and the employer contributions are mandatory.


Money Purchase Plans 

WTM's money purchase plans satisfy employers' goals that desire to provide retirement savings for their employees and are comfortable committing to a fixed level of contributions annually. Typically, these plans consist of only employer-provided contributions.