For Businesses
Small Business Retirement Plans
We help you choose the right type of retirement plan for your business so you can attract and retain the best talent.
For Your Business
Company Retirement Plans
We calculate the true cost and benefits of each type of plan, based on your employee census information, so you can offer high-quality retirement plans to current and prospective employees. Our independence allows us to help you choose the right plan from the right institution for your employees.
Reward & Retain Talent
Did you know? According to the GAO less than 15% of small business employers sponsor a plan where their employees can save for retirement.
Tax Savings
The tax savings alone may make it possible to afford to offer retirement benefits to your employees.
Customized to Fit Your Business
Our plans are structured around you and your employees to help maximize tax savings and minimize costs.
Fully Managed Retirement Plans
We help both employers and their employers navigate potentially complex rules throughout the life of the benefit. Our plans are not a one-time, “set-it-and-forget-it” product.
Reward & Retain Talent
Did you know? According to the GAO less than 15% of small business employers sponsor a plan where their employees can save for retirement.
Tax Savings
The tax savings alone may make it possible to afford to offer retirement benefits to your employees.
Customized to Fit Your Business
Our plans are structured around you and your employees to help maximize tax savings and minimize costs.
Fully Managed Retirement Plans
We help both employers and their employers navigate potentially complex rules throughout the life of the benefit. Our plans are not a one-time, “set-it-and-forget-it” product.
Why Choose Main Street
Business Retirement Plan Types and Benefits
Not sure what type of retirement plan is best for your organization? We’ll help you compare the costs and benefits of each to create the right plan for your company.
SEP IRA
Funding Responsibility:
- Employer contributions only
Key Advantages:
- Works well for business owners who wish to provide a retirement benefit to all employees (including themselves) by making employer contributions.
- Contributions discretionary year to year. Easy and inexpensive administration. Potential late tax year funding deadline.
Eligible Employers:
- Employer contributions only. Contributions must be uniform percentage across all eligible employees.
Simple IRA
Funding Responsibility:
- Both employer and employees
Key Advantages:
- Starter plan that encourages contributions from employees.
- Easy and inexpensive administration.
Eligible Employers:
- Any company with at least one employee other than the owner.
Pension Plan
Funding Responsibility:
- Employer contributions only
Key Advantages:
- Cash balance pension plans may offer the most tax savings compared to other retirement plans.
- Maximize tax savings when large actuarial differences between employer(s) and employee(s) are present.
- Possible vesting schedule for employer matches to encourage employee retention.
Eligible Employers:
- Best for businesses with long tenured ownership, but open to all companies with at least one employee, including the owner.
Individual 401(k)
Funding Responsibility:
- Both employer and employee
Key Advantages:
- Maximize tax savings.
- Can contribute as employer and employee.
- Relative ease of administration.
Eligible Employers:
- Sole proprietors or married partners with no common-law employees.
401(k) & Profit Sharing
Funding Responsibility:
- Both employer and employees
Key Advantages:
- All employees can maximize tax deferral.
- Owners can contribute as employer and employee.
- Possible vesting schedule for employer matches to encourage employee retention.
- Profit-sharing contributions are discretionary year to year.
Eligible Employers:
- Any business with one or more employee.
403(b) & 457 Plans
Funding Responsibility:
- Both organization and employee
Key Advantages:
- Designed specifically for public-sector and non-profits.
- All employees can maximize tax deferral.
- Allow for higher contribution amounts and tax savings.
- Potential flexibility regarding early withdrawals.
Eligible Employers:
- Public-sector and nonprofit organizations.
For Your Employees
Employee Financial Wellness
Whether your employees need help enrolling in their retirement plan, choosing investments, or solving some other personal financial puzzle, we offer tailored solutions in a fiduciary capacity – at no additional cost.
Fiduciary
As a fiduciary, our legally mandated responsibility is to act solely in our client's best interest - not our own.
Investment Advice
We help you and your employees choose the right mix of growth and savings opportunities for each stage of life. Employees can take advantage of our ongoing expertise tailored to what’s most important to them.
Financial Planning Help
A holistic evaluation of your financial life and a plan for your future through investing, savings, risk mitigation, and estate planning.
Plan Enrollment & Advice
We help your employees navigate the paperwork and decisions required to start and maintain their accounts. We offer flexibility through online or in-person meetings that are convenient and increase employee engagement.
Fiduciary
As a fiduciary, our legally mandated responsibility is to act soley in our client's best interest - not our own.
Investment Advice
We help you and your employees choose the right mix of growth and savings opportunities for each stage of life. Employees can take advantage of our ongoing expertise tailored to what’s most important to them.
Financial Planning
We offer plan participants a holistic evaluation of their financial lives and a plan for their future through investing, savings, risk mitigation, and estate planning.
Plan Enrollment & Advice
We help your employees navigate the paperwork and decisions required to start and maintain their accounts. We offer flexibility through online or in-person meetings that are convenient and increase employee engagement.
START A CONVERSATION
Speak With an Advisor
- Our Values:
- Our Values:
- Service
- Calculable Value Add
- Professionalism
- Opportunity
- Service
- Calculable Value Add
- Professionalism
- Opportunity
At Main Street, we know that choosing a financial advisor is an important decision. Our cross-expertise of investment management and income taxes allows us to evaluate actual dollar savings based on your unique household. We invite you to let us calculate those savings for you. Every wealth management path we create begins with a conversation.
Ready to see if Main Street is a good fit for you or your business? Let’s talk.
FAQ
Business Retirement Plans
No. We calculate the real dollar costs and both employer and employee tax benefits of offering a plan, while taking on most of the administrative burden. Our thinking is always long term in nature, and our goal is to be a long-term partner.
We grew up in America’s Heartland and are proud of the values, diversity, and balance that it represents. Main Street America’s values are hard work, optimism, grit, curiosity, and, above all, independence.
A fiduciary must act according to the “Prudent Man” standard when handling your investments. At it simplest this means that Main Street Investments must treat your investments as a prudent person would, i.e., act as any prudent person would in a like position, given their skill level in the context of the economic backdrop at that time.
Our primary custodian is TD Ameritrade Institutional. Through our platform, you will have the benefits of institutional access to your investment accounts. Our partnership with TD Ameritrade Institutional (soon to be Charles Schwab Institutional) offers our clientele:
- 24/7 online access to view your account(s)
- Regular statements (mailed or emailed)
- Institutional account reporting
Having TDA/Charles Schwab as a trusted partner provides our clients transparency on investment performance, fees, and when transactions occur.
Our clients enjoy user-friendly access to top personal financial planning software that includes free online cloud storage of confidential documents, a secure way to share documents with their advisors, and access to in-depth market research.
The pillars of Main Street’s portfolio management are diversification and a long-term (i.e. multi-decade) view, at the most inexpensive total costs. We consider ourselves caretakers of our clients’ futures and act accordingly and with prudence. Every client has their own individualized Investment Policy Statement detailing the portfolio objectives, constraints and client wishes. We are serious about client capital and understand that we only succeed through our clients’ triumphs.
