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It is becoming more common for us to see retirement plans where the owners are not able to fully fund their portion because it is tremendously expensive because of the employees.  We have a special retirement plan design that may allow you (the owner) to maximize your contributions in a very efficient way for the pharmacy cash flow.  We believe that this is one way you should be rewared for taking the risk of pharmacy ownership.  This site is dedicated helping you create a more efficient benefit for the company and fulfill your responsibilities for being a plan sponsor.

Pharmacy 401k plans are a great way to save money and provide a benefit to your employees. Please visit the website at www.pharmacy401k.com to learn more.  Below is Waypoint's blog dedicated to pharmacy 401k plans and retirement planning for pharmacy owners.

Pharmacy401k: Providing Financial Planning For Employees

Posted by Tyler Campbell on Wed, Jul 12, 2017 @ 11:03 AM

Want to help your business stand out to potential future employees – and provide incentive for your current ones to stay? Try providing financial planning assistance! It may be hard to believe, but even in today’s world of near infinite and easily accessible knowledge, the vast majority of people do not know how to prepare for retirement or just how much money they need to save. 

Below are the various ways providing financial planning assistance can help your business attract new employees, retain current ones, and reward valuable personnel.

  • Offer them solutions for getting out of debt (student loan, credit card, etc.)Financial Review_SM.jpg
  • Deliver a benefit that allows employees to become financially independent
  • Provide education to learn how to better prepare for retirement
  • Receive a service they would normally have to pay for - if not working for you
  • Help employees to achieve their personal financial goals just by working for you
  • Increase moral of employees, because they work for a company that cares about their future
  • Reward employees with a benefit that is not typical in the industry
  • Remind employees about how appreciated they are for the work they do, and how they are vital part of the team
  • We will work with employees so that they fully understand the benefits that are provided. This is important because if an employee doesn’t understand their “benefits”, then they will not perceive it as a benefit.


If you are thinking, “All this sounds great, but this will cost way too much money…”


You’re right, it is expensive to hire a financial planner for each individual employee. But there is a way to provide this extra benefit without any cost. Basic financial planning is complementary to all pharmacy employees when the owner chooses to use Pharmacy401k. Not only do employees have access to a great retirement plan, but they also have an assigned advisor to assist them in investing, debt-payoff strategies, saving for children’s education, insurance, and other general financial planning.

Here's the best part for the pharmacy owner…

With Pharmacy401k you get a customized plan to achieve your personal goals by maximizing the amount of money you can save personally, while increasing your tax deductions for the corporation. Follow the button below or contact tyler@waypointus.com to find out what an optimal customized retirement plan looks like for your pharmacy.

 

Let's create a custom solution to help me  reach my goals and provide a benefit  to my employees.

 

Topics: retirement plans, employee benefits planning, 401k, financial plan

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