Retirement Strategies

Argent is a trusted and proven provider of retirement products for a wide array of companies. Our approach starts by getting to know your business, its leadership and the employees. We want to know your goals and how you operate as a company. Once we have a complete picture and understanding of your needs, we provide you with a comprehensive retirement strategy that will work best for you and your employees.

Argent offers both qualified and non-qualified employee benefits plan services. We provide turnkey and unbundled services, including investment management, plan documentation, participant record keeping, fiduciary services, annual reporting, enrollment meetings and employee education.

For companies seeking to establish retirement plans, Argent provides expertise and management services for many different retirement strategies. Our services range from bundled in-house solutions for smaller groups to serving as trustee and investment managers for large plans housed on various platforms.

“When our clients talk about their future dreams, it’s always the best case scenario future. No one talks about just making it. It’s our job to make sure that the plan we give them ladders up to their dream. And if their dream isn’t realistic, we’ll still give them the tallest ladder out there.”

401k Plans

Profit sharing plans can have 401k provisions that allow employees to contribute dollars through payroll deduction. Employers may contribute matching contributions up to the current legal limit. Profit sharing contributions up to 25% of total eligible compensation may also be made by the employee. These plans are available for all sizes of businesses—from single employee enterprises to very large employers.

Profit Sharing Plans

The profit sharing plan without a 401k provision allows for contributions to be made only by the employer on a discretionary basis each year. Each eligible employee receives a share of the contribution based on the employee’s compensation. This is recommended for employers with smaller work forces.

Cash Balance Pension Plans

A Cash Balance Pension Plan is a plan under which an employer credits a participant’s account with a set percentage of his or her yearly compensation plus a set interest amount. This type of plan is a defined-benefit plan. The plans funding limits, requirements and investment risk are based on defined benefit requirements. The performances of the underlying investments do not affect the final benefits received by the participant, so the company solely bears all risk of profits and losses in the portfolio. Cash Balance plans offer some of the features of both defined-contribution and defined-benefit plans.

Defined Benefit Plans

The defined benefit plan is funded entirely by the employer based on an actuarially determined retirement benefit for each eligible employee. These plans are recommended for highly compensated professionals, with a small number of employees. Argent Trust may serve as trustee and investment manager.

Employee Stock Ownership Plans (ESOP)

Our experts have provided unbiased financial advice and guidance for more than 30 years. What sets us apart is our transparent relationship with our clients. Earning your trust and devoting personalized attention to you is a priority that results in high-quality results. Call us about a consultation today. The initial meeting is free.

Clients the ESOP Group works with:

  • Individuals
  • Corporations
  • Institutions
  • Banks
  • Brokerage firms
  • Financial advisors
  • Insurance companies
  • Plan sponsors

IRA

This plan is a 401k-type employer sponsored plan in which all deferrals and the employer contributions are deposited in a Simple IRA for each employee. This type of plan is often preferable for smaller employers.

Simple IRA

This plan is a 401k-type employer sponsored plan in which all deferrals and the employer contributions are deposited in a Simple IRA for each employee. This type of plan is often preferable for smaller employers.

Traditional IRA

With a Traditional IRA, individuals make contributions with money they may be able to deduct on their tax return.  Generally, amounts in a client’s IRA, including earnings and gains, are not taxed until they are distributed.

Rollover IRA

A rollover IRA is a type of Traditional IRA with the same tax advantages. It is funded by rolling over money that was previously saved in an employer sponsored plan such as a 401k.

Roth IRA

With a Roth IRA, individuals make contributions with money on which they’ve already paid taxes. As long as the Roth IRA requirements are satisfied, qualified distributions are tax free, including earnings and gains. Also, unlike a Traditional IRA, contributions can be made to a Roth after reaching age 70 ½ and no distributions are required.

Inherited IRA

Inherited IRA’s are specifically designed for retirement plan beneficiaries – those who have inherited an IRA or workplace savings plans, such as a 401k. Inherited IRA’s can either be Traditional or Roth, depending upon the original owner’s account type.

Other Services

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