INDIVIDUAL
RETIREMENT ACCOUNTS
Individual Retirement Accounts (IRAs) are available in
discretionary and custodial forms with access to our portfolios of
mutual funds, individually selected mutual funds, and in the case
of rollovers, individual stocks and bonds. >top
ROTH IRAs
Roth Individual Retirement Accounts (Roth IRAs) became available on
January 1, 1998, and are recommended for virtually all households
having an adjusted gross income of less than $150,000. The Roth IRA,
while forgoing the immediate tax deduction for the annual
contributions, provides a totally tax-free retirement benefit
without the mandatory distribution requirement of the traditional
IRA. Contributions are also available on a tax-free basis prior to
age 591/2. These accounts are also available in
discretionary and custodial forms with access to our portfolios of
mutual funds and individual funds. >top
SEP-IRA
SEP-IRAs allow employers to make contributions for themselves and
their employees at flexible contribution levels of up to 15% of
compensation with investment in a variety of programs. >top
401(k), PROFIT SHARING AND MONEY PURCHASE
PLANS
A 401(k) can be structured as a trust or agency relationship and can
utilize individual stock and bond investments as well as a variety
of no-load mutual funds. Corporate clients can utilize our prototype
documents or provide their own. Record keeping is out-sourced at a
nominal cost and daily valuation services with dial-up transfers
between funds can be provided. >top
EMPLOYEE STOCK OWNERSHIP PLANS (ESOPs)
ESOPs can be utilized to transfer ownership and/or to provide a
significant benefit for employees. Suburban Bank & Trust, serving as
trustee, holds the cash and stock contributed to the plan, investing
the cash in a variety of programs. Of necessity, these plans are
always drafted by the client's legal counsel. >top
