Employer sponsored plans

Does your business have an employer sponsored retirement plan? Research tells us that companies who do have a plan have higher employee retention rates and more highly motivated employees.

Choosing the right plan often times requires hiring the right experts to assist in the process. Should your company sponsor a SIMPLE plan, or a SEP, or a 401k, or a 403b, or some other type of plan? It can all sounds so confusing (and kind of like alphabet soup), but with the right people on your team, it can quickly become a fairly straight forward decision making process. This is where we can help.

J.M. Arbour proudly partners with The Pension Service and TD Ameritrade Retirement Plan Solutions to make your life as a company owner or officer, easier. Offering both bundled and unbundled solutions, each with access to true open architecture, over 10,000 mutual funds, 1,500 Exchange Traded Funds, 1000 index funds, and self directed brokerage windows, we can custom design a plan that maximizes opportunities for your company’s employees and a plan that is easy on your company’s budget.

Voluntary Benefits

We all know that health insurance isn’t exactly the most affordable thing on the planet. We also know that the benefits it provides are not as rich as they use to be. It seems that each year premiums go up and benefits go down. Where does this leave most people in regard to their financial exposure? Answer: More exposed than they use to be.

Many employees share a concern that should a significant health issue arise, they may not be able to afford it. A recent study shows that the average American employee would not be able to write a check for $800 to a medical provider should they have the need.

With costs up and benefits down, one of the most valuable things employers can do for their employees is to offer voluntary benefits. These policies provide protection should an employee all of a sudden experience either an accident or an illness that leaves them physically and/or financially impaired.

Benefits typically cost between $1 and $5 per week and are paid for by the employee (some employers choose to pay for one or two benefits for their employees). Best of all, these policies offer peace of mind to the employees who own them.

Voluntary benefits include, but are not limited to:

  • Accident
  • Disability
  • Cancer
  • Critical Illness
  • Hospital
  • Life
  • Dental