Additional Services
HR Training
401-K
Deferred Compensation
Successful human resources training and development requires that trainers have specific expertise teaching adults skills that will improve their workplace efficiencies and, hence, their company’s productivity and profitability. Finding the right trainer is not as simple as assigning another employee to “coach”. Successful outcomes derive from the skills brought to bear in pre-training assessment, course planning, and training methodology. Here at CBR, in addition to being a full spectrum provider of administrative and PEO services, we employ staff with years of training and development expertise. We offer general HR training for clients, but can customize to your needs, and accommodate all group sizes. Training can be done via webinar or we can send an HR specialist to your site.
CBR can also conduct harassment training for clients. If a claim of harassment or other discrimination is made, CBR will investigate all parties involved, and make recommendations on disciplinary action. The final decision is reserved for the client. With many states requiring formal Harassment Training, this is a necessary protection for a growing business.
We are proud to offer you and your employees a best in class 401(k) retirement plan, with design options to meet your company’s specific needs.
The investment platform is provided by Lincoln National Life Insurance, a national leader in small employer 401(k) plans. Ibbotson Associates, a wholly-owned subsidiary of Morningstar, selects and monitors the more than 30 investment options available in our plan.
CBR has selected Stadion Money Management, a Registered Investment Advisory firm, to assist participants who desire help with their investment selections. Stadion’s “win by not losing” approach has proven successful through several bull and bear markets with consistent long run success.
Key Elements of our 401K Plan include:
- Employers are protected from fiduciary and trustee liability by Stadion’s Warranty.
- Employees are eligible to participate after their probationary period.
- Employers may elect to match or not match at any level they choose, as permitted by law.
- An employee has the option to contribute a percentage or a flat amount, not to exceed IRS limits (currently $16,500 per year, plus $5,500 for ages 50+).
- Under CBR’s plan, your employee has the flexibility to invest within a combination of more than 30 brand-name mutual funds monitored by Morningstar.
- CBR can customize a 401(k) program to fit the needs of each client.
- Employees can check their account balance daily with our customer “On-Line” feature.
- CBR prepares the required 5500 reports annually.
- Employees can transfer funds on-line without loads.
- Discounted one-time set-up fee $500.00. Annual T.P.A. fee of $250.00.
- Clients with 100+ eligible employees have no audit fee (saving $10,000+/per year).
Make your hard earned income work for you and save for retirement by participating in Creative Business Resources’ (CBR) Deferred Compensation Plan.
- Pre-tax Deferrals
- Deferred compensation gives you the ability to lower your taxable income. Participation allows all of your money to work for you before it is decimated by taxes.
- Tax Deferred Growth
- Your account will grow tax-deferred until withdrawn. Put 100% of your compensation to work on your behalf. ($100,000 limit)
- High Limits
- Our deferred compensation plan permits significantly higher contributions than qualified plans such as 401(k)s. You can defer both base wages and/or bonus pay – you choose.
- Selective
- Take care of your retirement needs not everyone else’s. A deferred compensation plan can be hiring selective, offered only to highly compensated employees and executives. Deferred compensation is specifically designed for high earners.
- Flexibility & Access
- Distributions can begin prior to retirement and accounts can be accessed for life events, i.e. college, or can be deferred until traditional retirement ages. Deferred compensation plans are not bound by retirement guidelines and the restrictions of qualified plans. You choose when you need your funds.
Your Employee Benefits and HR Duties: Before and After
Taking advantage of our full suite of employee benefits services is just one of the advantages of working with CBR. Traditionally, a business needs to manage several vendor relationships but with CBR we take on virtually all of your HR duties. Since some tasks just can’t be outsourced, you will need to continue directing your workforce, setting pay rates, and selecting employee benefits. Compare your HR duties before and after working with CBR. Gaining control, saving time, reducing costs and improving focus are just some of the benefits you’ll find when you outsource HR functions. View this graph to better understand what our mutual responsibilities are.
