View your current health and welfare benefits coverage, View your current 401(k) balance and change contributions, Make fund transfer and investment election changes. document.write(new Date().getFullYear()); Allstate Insurance Company. In addition to your own research, it is best to have a tax advisor and other professionals help you evaluate your options and select an appropriate retirement plan. We offer great products, service and support for you and your clients. A pension is typically based on your years of service, compensation, and age at retirement. hbbd``b`$W@D @)#-`EP(1h In addition, we have provided a brief overview of each type of plan that links to a more detailed discussion of pros and cons and other information. Disclaimer: Securities offered through FSC Securities Corporation, member FINRA/SIPC. What Is a Pension? - The Balance If the account earns 8% a year, you could amass $349,100 by age 65. How much do you want to put away in the retirement plan each year for yourself and/or your employees? Before 1990, Allstate sold its insurance products through its employee agents hUO0W=T>;NHRKW1 How old are you, and what is the age range for your employees? You can start contributing to a retirement account on the date you complete one year of work, with 1,000 hours of employment if you are a part-time employee. All rights reserved. We do strive to keep the information accurate and up to date. Glassdoor is your resource for information about Allstate benefits and perks. Seeing how they stack up against one another in certain key areas, and, Becoming aware of the benefits and potential drawbacks of each type of plan, Maximizing yearly contributions/building retirement benefits for you as the owner, Maximizing/weighting contributions for you and other highly compensated employees rather than for lower-compensated employees, Flexibility in making contributions each year, Building retirement benefits for employees, Using the plan as a recruiting tool to attract employees, Using the plan to discourage employees from seeking employment elsewhere, Utilizing income tax deferral on plan contributions and investment earnings. Any review, copying, distribution or use of this transmission is strictly prohibited. Company contributions to dental premiums for each covered employee and/or family member.

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