Many businesses offer company sponsored retirement plans to their employees as an added benefit. Whether funded by the company, the employee, or a combination of both, offering a means for employees to save for retirement can be helpful in attracting and retaining skilled workers.
Standard Bank can act as custodian for an employer-sponsored 401(k) or Profit Sharing Plan. By working in conjunction with an accounting firm to produce reports to participants and annual plan accountings, the Trust Department can aid in making retirement benefits available to employees.
To learn more, call Standard Bank toll-free at 866-499-BANK (2265) or use the Contact Us form.