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Retirement Plans for Businesses and Sole Proprietors

Employer-sponsored retirement Plans offer great benefits to employees and owners.  Having the right plan in place can be an effective means for employees to save for retirement and employers to establish more employee engagement.  The right plan can help owners retain workers and can yield tax benefits.  There are many decisions to be made when it comes to selecting the right plan and selecting a provider to establish and maintain a plan.


Choosing the Right Plan

With many types of retirement plans on the market, it can be challenging for business owners to determine which plan may be best for their business.  There are many questions to consider when choosing a plan: Which plans offer the greatest benefits to the employees? What plans offer the greatest benefits to the owner? What plans are easiest to administer? Which plans are the most cost-effective to the owner? Which investments are appropriate? And, importantly, which plans will pass testing by the Department of Labor?


The following plans are popular among businesses and sole proprietors:

  • 401(k)

  • Solo 401(k)



  • 403(b) – for non-profit organizations


MLR Financial Partners will work closely with the business owner to carefully evaluate the benefits of each plan and identify a plan that will offer the greatest benefits for their company. We will work alongside the owner, Third Party Administrator, and Recordkeeper with each step to establish, implement, and maintain the chosen retirement plan.


Fee-Only Service Model

Many companies offer advice to business owners for developing a retirement plan for their employees.  However, in a crowded field of providers, very few can say that they provide this service without a potential conflict of interest.  An inherent conflict of interest exists when an advisor receives a commission for recommending a specific investment or particular retirement plan. Under this type of arrangement, any advice tied to a commission cannot be considered entirely objective or impartial.


As a Fee-Only firm, Mersereau, Lazenby & Rockas places the client’s interests first.  We do not receive commissions on any of our services or recommendations.  This transparency allows us to focus on the client’s unique needs.

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