Employee Benefits

The motivation factor

Benefit plans have become increasingly important in recruiting and retaining valued employees. Fortunately, employers now have a wide range of tax-advantaged options to offer them including pension and profit sharing, traditional pensions and 401(k)s.

A 401(k), for example, allows companies to encourage employees to contribute to their own retirement funds. The company simply offers to match employee contributions up to a certain level; such matching gifts are typically fully tax-deductible. Result: low-cost benefits. Nothing wrong with that.

The real problem, say our business clients, is that benefit plans seem to grow more onerous and expensive to maintain every year. The burden of recordkeeping, employee education and government regulation never grows lighter. In addition, companies are faced with the growing problem of how to invest the funds accumulating in benefit plans, never a big problem with lightly-funded traditional positions.

Sovereign specializes in helping employers out of the costly benefit trap. Because of the flexibility of our relationships, you may turn to us just for investment advice or, with the help of our strategic partners, we can assume full responsibility for your plans.

Either way, we will help you craft a long-term strategy for steady asset growth while ensuring that all of the necessary paperwork is handled efficiently. In the process, we'll show you what our current clients have already learned: How to get the maximum benefit from your benefit dollar.

For detailed information about the many services Sovereign provides, please call your local Private Wealth Management Advisor.