Consider these four ways of building on the foundation you’ve created
1. Maximize retirement savings for business owners and key employees
A traditional 401(k) is an excellent foundation, but contribution limits may not provide enough retirement income for some business owners and highly compensated employees.
Advanced retirement strategies can provide additional opportunities to save for retirement while helping businesses reward and retain key talent.
2. Strengthen recruiting and retention
Competitive retirement benefits can help your business stand out when hiring and encourage valued employees to stay.
As your workforce grows, your advisor can help you evaluate plan features and employer contribution strategies that support your recruiting and retention goals.
3. Explore tax-efficient funding strategies
As your retirement strategy becomes more sophisticated, you may have opportunities to fund benefit obligations in a more tax-efficient way while supporting your broader business and financial goals.
Your plan advisor can help evaluate funding strategies that align with your objectives, cash flow and long-term plans.
4. Plan for the future of your business
Whether you’re planning for retirement, selling your business or transitioning ownership, succession planning deserves thoughtful preparation.
An Employee Stock Ownership Plan (ESOP) is one strategy that may help preserve your company’s legacy while creating opportunities for employees.
What’s next?
Every business has unique goals, and your retirement strategy should evolve as your business does.
Whether you’re looking to enhance employee benefits, support business growth or prepare for the future, Voya can help you explore retirement solutions designed to meet your needs.
Explore the full series
- Why offer a retirement plan?
- Which retirement plan is right for my business?
- Understanding retirement plan costs
- Setting up your 401(k): What to expect
- Getting more from your retirement plan
- Why Voya?
Talk to a Financial Professional*
- Call: 866-481-3653 (option 4)
- Email: RetirementSales@Voya.com
Existing Voya plan sponsors:
- Call: 800-654-8065 (option 5)
*Registered Representative of, and securities services offered through Voya Financial Partners, LLC (member SIPC).
The information presented here is for educational purposes only, and not intended to be legal or tax advice. Each plan must consider the appropriateness of the investments and plan services offered to its participants. All investing involves risk, including the loss or principal. There is no guarantee an investment, investment strategy or managed portfolio will meet its stated objective.
Each plan has unique requirements and should consult its attorney or tax advisor for guidance on its specific situation. Voya strongly suggests speaking with tax and legal advisors before making changes to a plan.
Products and services offered through the Voya® family of companies.