Small Business Retirement Plans in Virginia
“The best time to plant a tree was twenty years ago. The second best time is today.”
- Chinese proverb
If you run a company, a retirement plan does two jobs at once. It rewards the people who show up for you every day, and it builds your own future in a tax-advantaged way.
We help owners sort through the small business retirement plan options without the jargon: which plan fits your goals, your team, and your cash flow, and which ones don't. Small business retirement plans aren't one-size-fits-all, and the right structure can be worth a great deal come tax time.
Based in Virginia, we design, set up, and run these plans so you can stay focused on the business.
Small Business 401(k) and 403(b) Plans
For most companies, the workhorse is the 401(k). A well-run small business 401k gives your team a simple way to save, gives you a tax deduction, and can include a match that helps you attract and keep good people. Nonprofits and certain organizations use the 403(b), which works on similar principles. We help you choose between them, set the plan up correctly, and keep it compliant year after year.
Cash Balance Plans for Small Business
If you've maxed out a 401(k) and still face a heavy tax bill, a cash balance plan for small business owners may be the next move. It's a type of defined benefit plan that allows much larger contributions, which can mean a substantial deduction for high-earning owners. It isn't right for everyone, so we help you pressure-test whether the numbers make sense for you. We walk through the mechanics in our guide to cash balance plans.
What We Handle for Your Plan
Whether you're starting fresh or improving a plan you already have, we handle the moving parts of small business retirement plans so you don't have to: comparing your small business retirement plan options and running the one you choose.
Where we help:
- Current plan analysis
- New plan setup
- Plan type advice
- Ongoing service
- Plan benchmarking
- Participant support
Start Where You Are
The best plan is the one you start. If you've been putting off setting up a retirement plan, or you suspect the one you have could work harder, today's a good day to look. Small business retirement plans reward patience, and the sooner one is in place the more time it has to work. We'll tell you what's worth changing and what's fine as is.
Prefer to get to know us first? Meet the team.
Buttonwood Wealth is an SEC Registered Investment Advisor. This page is general in nature, does not constitute personalized investment, tax, or legal advice, and is not an offer or solicitation to buy or sell any security. Tax outcomes depend on your specific circumstances; consult your own tax professional. Buttonwood Wealth is not engaged in the practice of law or accounting. Live Your Legacy® is a registered trademark of Buttonwood Wealth.