All BMO Harris branch location ATMs are also available free of charge to Park Bank customers!
Offering competitive benefits goes a long way to attract quality employees and keep them engaged with your mission. Consider a 403(b), available to not-for-profit organizations that are tax exempt under IRS Code 501(c)3. Employer-sponsored retirement plans are becoming more affordable for organizations of all sizes.
Allows the highest level of employee pre-tax contributions
Offers a range of employer contribution options
Provides an optional loan provision for employees
Fits well for nonprofits with 10 or more employees
Employees can roll over their 403(b) into a 401(k) of a new employer
Employees over 50 years of age with 15 years of service with the employer can increase their annual contribution by $3,000 over the standard set limit.
We can help you find the right plan design, chose between a 403(b) and 401(k), investment selections and communications to engage participants and help you manage your fiduciary risk.