Pensions and Investments

Pensions

Many Pension Plans in the market place today are no longer implemented or used. Simply put, the Employer (large or small) had only two choices for pensions, the defined contribution plan or the defined benefit plan. Because these retirement plans were fully funded by the employer, in years where a slow economy hit or recession, employers may not have funded or even frozen the plans. Eventually congress passed several amendments allowing for employee controlled plans. Thus was born - the 401K's, the S.A.R - S.E.P., the S.E.P. IRA, the IRA, and the ROTH IRA to name just a few. For obvious reasons, pension plans were established for the benefit of all employees, and it's management.

Therefore when considering a plan for your company you should consider the following:

What type of costs should I, as an employer, expect to incur?
Will I have to make contributions to my employees account?
What happens to the funds I contribute on behalf of my employees should they leave t he company before retirement age?
How much administration am I expected to do, above offering a retirement benefit to my employees?
In lean years can I suspend contributions without penalty of making up in future years?
Of all choices in pension plans, how do I know which on is best for my employees and my company?

I am sure there are many other questions regarding pensions that are not listed. The Important issue is, a well thought-out program using the services of a firm like Winthrop & Gray Company will allow your company to grow and your employees to know that there will be a future for them.

Investments

As with Banking and pension plans, we offer individual investment services. For those individuals looking to save and invest beyond their traditional pension plan, we offer virtually all Mutual Funds, Variable Accounts, Commercial Paper, Real Estate Investment, Trust within the family, IRA's, Roth IRA's, College Savings Plans, Annuities, cash management, and more.

Our Philosophy is geared towards long term growth not get rich quick schemes. We do not invest in tips, hunches, or rumors from a friend. Our goals and objectives are formed around you, the individual. We will not work with an individual until we are satisfied that we know the individual's personal goals, objectives, risk tolerances, and more.