Defined benefit
401(k)
403(b)
Profit Sharing
Money Purchase
Non-qualified deferred compensation
Health and welfare benefit trusts
Investment Options

Different businesses face different challenges, but one common challenge is attracting and keeping good employees. Benefit programs play a key role in meeting this challenge.

Whether you're a start-up company offering benefits for the first time or an existing company looking to improve your current program, we can help.

Employee retirement plans

Executive benefit plans

EMPLOYEE RETIREMENT PLANS

To meet the needs of your employees, your company needs a properly structured retirement plan. First Place meets your retirement plan needs on many levels. We provide every type of retirement plan along with complete administrative and investment services.

PLAN DESIGN AND INSTALLATION

A First Place 401(k) or Profit Sharing Plan provides your organization with a complete package of administrative and investment advisory services. Our staff will work with you to ensure that your plan is designed in the most cost-efficient manner. With over 30 years of experience we are able to provide programs at a cost well below the national average.

REGISTERED INVESTMENT ADVISORY SERVICES

Through our subsidiary, APB Financial Group, Ltd., First Place provides RIA service. We create a blueprint that outlines the simple and straightforward practices that define a prudent investment process for the investment of your retirement plan assets. Without consistent and well-documented review, monitoring and reporting on your investment options, there can be no protection from fiduciary liability. This review must go well beyond merely reporting performance, it must include an examination of the investments operations, performance and management.

As a sponsor of a retirement plan, you are considered a fiduciary. Fiduciaries have the most important, yet most misunderstood role in the investment process: to manage the investment practices, without which the other components of the investment plan can be neither defined, implemented, or evaluated. We will walk you through this process and create the practices that review, monitor and report on the quality of your plans investment options.

Fiduciary liability is not determined by investment performance, but rather on whether prudent investment practices were followed. "It's not whether you win or lose, it's how you play the game."

Click here to view our recommended fund list.

EMPLOYEE EDUCATION AND COMMUNICATIONS

At First Place , we recognize even the best designed plan will be ineffective without employee education and communication both at enrollment and ongoing. We will provide your employees with the information and access needed to make the most of your retirement program. Our communication programs will educate your employees on the basics of investing, retirement planning as well as distribution planning. Our customized, on-site, enrollment meetings have a history of generating participation rates well above the national average. Your participants will also have access to their accounts 24 hours a day, 7 days a week through our Voice Response Unit or over the Internet.

For more information on our services call 330-726-3396 or contact us by email.

EXECUTIVE BENEFIT PLANS

In today's competitive market place, employers are constantly searching for ways to restore or supplement executive benefits due to qualified plan limitations. Traditional retirement plan approaches are now inadequate for many closely held corporation owners and key executives in all sizes of businesses. Today's employers realize the need to create an incentive package to recruit and retain key talent but are concerned with finding solutions that are economically efficient and affordable. Our custom designed plans have sophisticated features similar to plans adopted by Fortune 1000 firms, but packaged in a way that makes it simple for any company to implement.

Through our APB Financial Group, Ltd., First Place can offer your complete and inclusive range of retirement and employee benefit plans that are designed to accomplish the following:

• ATTRACT, RETAIN AND REWARD KEY EXECUTIVES
• PROVIDE SUPPLEMENTAL RETIREMENT BENEFITS
• COMBAT REVERSE DISCRIMINATION OF QUALIFIED PLANS
• DEFER CURRENT COMPENSATION

TYPES OF EXECUTIVE BENEFIT PROGRAMS

401K Alternative Plan (401KAP)

Executive LTC

Retirement Income Plan - RIP

401K Alternative Plan (401KAP)

Companies can restore the opportunity for their key executives to defer significant amounts of pre-tax compensation with a 401K Alternative Plan (401KAP), a non-qualified deferred compensation program. A 401KAP has many of the features and benefits of a qualified 401(K) plan, but without the corresponding reporting, funding and non-discrimination testing requirements.

Executive LTC

Many organizations look to reduce dollars held in their companies in a tax-advantaged manner and at the same time provide Executive and Key Employees with a life-long benefit that can be funded while the Executive is working. Qualified LTC policies have the same status of health insurance products and with the right plan design opens the door to transfer those corporate dollars to owners and executives in a tax advantaged manner.

Retirement Income Plan - RIP

Our turnkey package for a defined benefit or money purchase employer paid Supplemental Executive Retirement Plan (SERP)! The Retirement Income Plan provides a vehicle for businesses to reward, retain and recruit key executives, by:

Tying the executive to the business via golden handcuffs;
Providing the executive with supplemental retirement income; and
Obtaining an income tax deduction when benefits are paid.

REAP (Restricted Executive Access Plan)

An ideal solution for businesses looking for a way to reward, retain and recruit key executives, while:

Obtaining a current income tax deduction;
Tying the executive to the business via golden handcuffs;
Eliminating creditor issues associated with nonqualified deferred compensation