Choosing a Financial Institution for Your Retirement Plan

Financial institutions, such as banks, insurance companies, and mutual funds have the appropriate forms to set up a retirement plan and will help you establish one.

As you search for the right financial institution, think about the types of investment options you (and your employees) would like your retirement plan to offer and what level of service you may want.

For example:

  • If you want to be able to invest in common stocks and mutual funds, make sure that is an option.
  • Look for a financial institution that offers a wide variety of investment options, including mutual funds and money market funds.
  • Watch out for excessive fees! They will reduce your return on plan assets.
  • Educate yourself about the basics of investing and encourage employees to do the same.

File your personal and small business taxes (Schedule C)