Retirement Fund

Retirement Fund is an employee retirement plan set up by a company to fund the retirement/separation benefit payments of its qualified employees at a future date. It can be set up using either or a combination of the following plans:

• Fixed Benefit Plan – benefits received by the employee are defined based on the length of stay with the company & his current salary.
• Contributory Plan – benefits received by the employee consist of contributions made by both the employer & the employee plus earnings earned from these contributions to the fund.

With our dedicated account officers & institutional sales officers, we can assist you in setting up, maintaining and managing a retirement fund for your company.

Already have an established plan? We can make your plan more attractive through tax benefits and incentives under a qualified retirement plan.

• It must be a definite written program;
• It must be a permanent and continuing program unless terminated by virtue of a valid business reason;
• Must cover at least 70% of all officials and employees;
• It must be non-discriminatory;
• It must provide for non-forfeitable rights;
• It must be non-diversionary;
• It must be administered by a Trust.