ADDITIONAL HR SERVICES
From talent management to HR compliance, CBR’s HR Outsourcing services can help you reduce costs, boost results, and free up time to focus on the core activities that move your organization forward.
REDUCE COSTS AND FREE UP TIME WITH CBR’S EMPLOYEE MANAGEMENT SERVICES
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.
Key reasons to consider our 401K Plan include:
You are protected from fiduciary and trustee liability.
Your employees are eligible to participate after their probationary period.
You may elect to match or not match employee contributions at any level you choose, as permitted by law.
An employee has the option to contribute a percentage of their earnings or a flat amount, not to exceed IRS limits.
With our 401K plan, your employee has the flexibility to invest in any combination of more than 30 brand-name mutual funds, all monitored by Morningstar.
You can customize your 401(k) program to fit your specific needs.
Your employees can check their account balance daily with our user-friendly “On-Line” feature.
We help you meet your IRS 5500 reporting requirement annually at no additional charge.
Employees can transfer funds on-line without loads.
We offer all these features with discounted set-up and TPA fees.
Clients with 100+ eligible employees have no audit fee. CBR handles everything.
Make your hard-earned income work for you and save for retirement by participating in one of CBR’s deferred compensation plans.
Pre-tax Deferrals: Deferred compensation gives you the ability to lower your current taxable income. Participation allows all of your money to work for you now by deferring taxes to future dates.
Tax-Deferred Growth: The investments in your account will grow tax-deferred until withdrawn. Put 100% of your compensation to work!
High Limits: Our deferred compensation plans permit you to contribute much more than qualified plans such as 401(k)s do. 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.