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Employee Benefits & Retirement Plans

To remain a competitive employer, it is beneficial to offer employee benefits. Whether it is a few weeks of paid vacation, flexible hours, or group health insurance, it is important to have happy, healthy, and motivated employees.

We work with many small and mid-sized businesses to offer several benefits at the group level such as health, dental, and vision insurance, group life insurance (both basic and voluntary), and group disability insurance.

In Illinois, group health insurance premiums are less expensive than similar plans in the individual marketplace. Coupled with the ability to pay premiums on a pre-tax basis through payroll, the economic benefit to the employee is that much greater.

We will gladly review your current employee benefits and see where we can provide value!

Corporate Retirement Plans

Employer-sponsored retirement plans are a great way to strengthen the relationship between you and your employees. They open doors to investment choices that are otherwise unavailable in the retail marketplace, allow higher contribution limits, and provide peace of mind that your employees are saving for their future. As the company benefits package grows, so does your goodwill. 

Whether it is a SIMPLE IRA, 401(k), Profit-Sharing Plan, or a pension plan, MGFS will recommend a retirement plan design that helps you, your business, and your employees, while improving morale and retention. 

Employer-sponsored retirement plans are encouraged by the federal government. The SECURE Act, passed in January 2020, provides even greater benefits to employers that offer retirement plans, increasing the value to both you and your employees.

Call us to discover new opportunities that may improve the benefits you provide through your business. At minimum, check out our blog for current and related content.

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