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Small Business Retirement Plans in Grinnell IA & Newton IA

Offering a retirement plan for your employees could be one of the best things you'll do for your small business. The benefits aren't just in the future, either—as pointed out by the Department of Labor, starting a retirement plan offers immediate tax benefits in the form of deductibles, deferred taxation, and tax-free growth. Small employers can also usually take advantage of available tax credits that help offset the creation and administration of their plan, making it both easy and affordable to get started.

Types of Small Business Retirement Plans

If you're going to start offering small business retirement plans, you need to decide what type of plan(s) are actually going to be offered. There are a few different choices, each with their own advantages for different types of business owners.

401(k) Plans

A 401(k) plan—named after its designation by the IRS—is a special type of retirement account that allows employees to contribute some of their earnings into a savings plan. The three main forms of 401(k) plans available are Safe Harbor, Automatic Enrollment, and Traditional, all of which have important differences for small businesses. We encourage talking to a certified financial professional prior to selecting a plan in order to ensure that it's right for your company's needs, both now and in the future.

*Federal income tax laws are complex and subject to change. Neither Nationwide nor its representatives give legal or tax advice. Please consult your attorney or tax advisor for answers to specific questions. 

Profit Sharing Plans

If your company's income is variable, you can opt for what's known as a "profit sharing plan." These plans accept contributions at the discretion of employers, and typically do not require a certain amount of contributions each year. This is especially useful for startups, who may not have funds to spare as they work to establish themselves and deal with the challenges of creating a new business.

While all plans are required to file a Form 5500 each year to report their performance, the plans are accepted for businesses of any size and can even be used by companies that have other retirement plans in place. A Ramsey-Weeks, Inc. agents would be happy to discuss these and other options with you.

Guarantees and protections are subject to the claims paying ability of the issuing insurance company.

1. "Choosing a Retirement Solution for Your Small Business." Accessed April 12, 2016. http://www.dol.gov/ebsa/publications/choosing.html.

2. "Form 5500 Corner." Accessed April 12, 2016. https://www.irs.gov/Retirement-Plans/Form-5500-Corner.

Our Location

Ramsey-Weeks, Inc.

715 5th Ave
Grinnell, IA 50112
Main office: 641-236-3141
Fax: 641-236-6689

Our Providers

Testimonials

My expectation is to have an agent that cares about me and my family and wants to be sure I have the right insurance, at the right time, for the right reasons and at the right cost. Darcy has exceeded these expectations time and time again!

Todd L - President and CEO of the Grinnell Regional Medical Center
You always hear commercials about buy local. I can't even imagine going through what I did without Ramsey-Weeks. Darcy Swick and Cindy Pollock were there the majority of the day. It's really hard to even dwell on that day, but what would I have done? How would I have dealt with all this? I am forever grateful for everything they have done for me. You cannot ask for better service than with Ramsey-Weeks.

Sherry B
Claim service you can count on... When we looked at the storm damage, one thing that never crossed our minds was to worry about insurance. We knew that our friends at Ramsey-Weeks had set us up with appropriate coverage and that they would go to bat for us personally if things got rough. We can truly say we have had a very positive experience with Ramsey-Weeks and Allied Insurance.

Neal And Barb Van E
The day that the hail storm hit Grinnell in early April 2010 was the day that we brought our infant daughter Reese home from the hospital. We spent her first night at home, along with her 2-year-old and 4-year-old brothers, with no power. The next day Paul Pohlsen called my husband, JT, and said that he had alerted West Bend that we would have a claim, and that we should be hearing from an agent soon. We had phone calls within 24 hours regarding the damage to our home and vehicles, and we had an adjuster here within days. Paul Pohlson, Darcy Swick, and the employees at Ramsey Weeks were incredibly helpful. As young homeowners - we had never experienced the claim process before. Ramsey Weeks and West Bend worked collaboratively to meet our needs - and we came out of the situation with our home completely restored. Thank you to all who worked so hard to serve this community during that time.

JT and Tara A
We have been very pleased with the service we’ve received since we started working with Ramsey-Weeks for our home and auto insurance. It has been extremely helpful to have someone right here in Grinnell readily available to answer questions and assure us things are being handled correctly. We know Darcy cares about us as a family and will do all she can to watch out for our best interests.

Levi and Julie D
Not to long ago I switched agencies after a number of unpleasant experiences with another agent. The other agent disappeared whenever I needed to ask questions about a possible claim. Paul Pohlson was busy with a number of claims during the backup of sewer in Grinnell. He made time for me to talk to me and go through the process.

Tom S
Kevin Kolbe is the utmost professional. We learned we could depend completely on Kevin’s years of experience and totally honest advice. He knew just how to price and market our house for Grinnell. He patiently answered all our questions about the selling process and made our experience as worry free as possible. We recommend Kevin whole-heatedly as the person you can work with in complete confidence.

Ira and Susan Strauber