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Small Business Retirement Plans in Largo FL & Clearwater FL

Offering a retirement plan for your employees could be one of the best things you'll do for your small business. The benefits aren't just in the future, either—as pointed out by the Department of Labor, starting a retirement plan offers immediate tax benefits in the form of deductibles, deferred taxation, and tax-free growth. Small employers can also usually take advantage of available tax credits that help offset the creation and administration of their plan, making it both easy and affordable to get started.

Types of Small Business Retirement Plans

If you're going to start offering small business retirement plans, you need to decide what type of plan(s) are actually going to be offered. There are a few different choices, each with their own advantages for different types of business owners.

401(k) Plans

A 401(k) plan—named after its designation by the IRS—is a special type of retirement account that allows employees to contribute some of their earnings into a savings plan. The three main forms of 401(k) plans available are Safe Harbor, Automatic Enrollment, and Traditional, all of which have important differences for small businesses. We encourage talking to a certified financial professional prior to selecting a plan in order to ensure that it's right for your company's needs, both now and in the future.

*Federal income tax laws are complex and subject to change. Neither Nationwide nor its representatives give legal or tax advice. Please consult your attorney or tax advisor for answers to specific questions. 

Profit Sharing Plans

If your company's income is variable, you can opt for what's known as a "profit sharing plan." These plans accept contributions at the discretion of employers, and typically do not require a certain amount of contributions each year. This is especially useful for startups, who may not have funds to spare as they work to establish themselves and deal with the challenges of creating a new business.

While all plans are required to file a Form 5500 each year to report their performance, the plans are accepted for businesses of any size and can even be used by companies that have other retirement plans in place. A Brown Insurance Services agents would be happy to discuss these and other options with you.

Guarantees and protections are subject to the claims paying ability of the issuing insurance company.

1. "Choosing a Retirement Solution for Your Small Business." Accessed April 12, 2016. http://www.dol.gov/ebsa/publications/choosing.html.

2. "Form 5500 Corner." Accessed April 12, 2016. https://www.irs.gov/Retirement-Plans/Form-5500-Corner.

Our Location

Brown Insurance Services

2401 West Bay Drive, Suite 603
Largo, FL 33770
Main office: 727-456-8794
Toll free: 800-783-8881
Fax: 727-518-0002

Office Hours:

Mon: 8:30 AM - 4:30 PM
Tues: 8:30 AM - 4:30 PM
Wed: 8:30 AM - 4:30 PM
Thurs: 8:30 AM - 4:30 PM
Fri: 8:30 AM - 4:30 PM
Sat: Closed
Sun: Closed

Our Providers

Testimonials

Efficient, experience customer service, professional!
- James R, Port St. Lucie
They work for you!
- Larry M, Deland, FL
Easy to work with, very knowledgeable, listened to my needs and situation, and found a policy that works and saved money.
- Donna, Largo, FL
Very responsive and customer service oriented
- Wendy M, Tarpon Springs, FL
Buying Property out of state for the first time was nerve wracking to say the least. After trying an insurance broker as well as contacting another insurance company, the unanswered emails and slow responses were becoming stressful. Brown Insurance were quick to respond and even quicker to put a quote together. I was very relieved!
- Shelia, Denver, CO
Call Matt Williams at Brown Insurance, he's incredible!!!!
- Spencer G, St. Petersburg, FL
Brown Insurance is efficient, caring, professional and eager to assist the customer
- Patricia, Largo, FL
The best personal service, which is why I recommend Brown Insurance to my buyers.
- Viki W, Dunedin, FL
They are awesome!
- Pamela Hettinger, Saint Petersburg
I have recommended Brown Insurance Services to a friend. That says it all.
- Patrick Gerbig
Excellent Service, Great Rates from Brown Insurance Services.
- Sandy Albanese, St Petersburg
Brown Insurance Services are very responsive with fair prices.
- Richard Lewis, Clearwater Beach
Very easy to work with and great rates!
- Ashley K, Largo
Call Brown Insurance Services and give them a chance to compare prices, you won't be sorry!
- Lawrence W, Wesley Chapel
Great customer service and amazing people! Would not go anywhere else!
- Nichole C, New Port Richey
Brown Insurance Services are wonderful to work with. They really take care of you.
- Cynthia M. Bie, Indian Rocks Beach