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SIMPLE IRA is a Savings Incentive Match Plan for Employees of Small Businesses
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A SIMPLE IRA plan is an employer sponsored retirement plan.
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A SIMPLE IRA is a simplified version of a 401 K plan. The basic concept is that an employee will be eligible to contribute there own funds from payroll, and that the employer will make matching contributions.
Employee Services
Select Business Partner Program.
As a business, you understand the need to manage expenses without having to sacrifice quality or service. That's where State Bank & Trust would like the opportunity to offer a high-value employee benefit at no cost to you.
One of the most overlooked employee benefits is a relationship with a local, progressive financial institution. As a Select Business Partner (SBP) we would waive your monthly $25 Cash Management fee for every new or existing employee that opens a new SBT checking account with Direct Deposit. Upon the establishment of a required relationship we will waive the fee the following month. The only requirement on your part is to refer the employee to SBT using the provided employee packets, giving you the ability to reduce expenses and direct your employees to better banking.
What SBT can offer your employees?
* FREE Checking *FREE Internet Banking *FREE Online Bill Pay service
*ATM/Debit Cards *Great Loan Rates *And MUCH MORE!
What is the catch? As a SBP we only ask you to consider letting us provide new employee packets, occasionally do a paycheck stuffer, and allow us to visit your site to conduct an informational workship or information table. This way, your employees will be updated on new developments and services with SBT.
We look forward to working with and continuing to serve you and your employees.
SIMPLE IRA's
Besides providing you and your employer with a more secure retirement, a SIMPLE offers several tax advantages.
Health Savings Accounts (HSA)
If you offer a High Deductable Health Plan, a Health Savings Account (HSA) may be just the product you need. Contributions can be made by employers, employees or both. There are tax advantages. Call us for details.
