The Rundown

Your employees may benefit because they can:

  • Invest for the future
  • Potentially realize tax-deferred growth of their investments
  • Put away more money for retirement
Apply

Connect with a CFS* Financial Advisor.

That’s great! What options are available?

SEP IRAs

Features of a SEP IRA plan:

  • Low cost
  • Employer contributions are deductible business expenses
  • Flexible contribution limits; you decide how much to contribute
  • Annual contributions are not required
  • Easy setup and administration
  • Minimum paperwork; no complex IRS reporting requirements
SIMPLE IRAs

Features of a SIMPLE IRA plan:

  • Low cost
  • Employees contribute to their own accounts
  • Employer match is a tax-deductible business expense
  • Easy setup and administration
  • No complex IRS reporting requirements
401(k) Plans

Features of a 401(k) plan:

  • Employees contribute to their own accounts
  • Employer contributions (including match), if any, are deductible business expenses
  • Flexible program designs to suit employer needs
Payroll Deduction IRAs

Features of a payroll deduction IRA program:

  • Low cost
  • Employee contributions are automatically deducted from their paychecks to their own accounts
  • Easy setup and administration
  • No complex IRS reporting requirements

*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Consumers Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.