Business Employee Retirement Services

Few things are more important to the future of your business than your employees—and few things are more important to your employees than their futures. Help them plan for those later years with our complete range of retirement solutions. We combine the flexibility your employees want with the cost-effectiveness and administrative ease you require, backed by the support and expertise of the nation’s largest independently owned bank.

Contact one of our retirement professionals today at (806) 378-8338

Including but not limited to the following services

Our integrated retirement-plan solutions cover the full spectrum of asset classes, investment styles, and fund types, including no-load and commission-free mutual funds. Our experts will be happy to handle the complicated details by acting on your behalf as a Trustee, Custodian or Agent. Not only will we help you with plan design, documentation, and load administration, but we can make sure you keep up with governmental regulations, requirements, and special services like Employee Retirement Income Security (ERISA), compliance consulting, discrimination testing, IRS reporting and more.

But that's not all. we will help you connect participating employees with the tools and information they need to plan for a secure retirement. Our innovative employee education program includes on-site enrollment meetings, enrollment kits, payroll stuffers, fund fact sheets, investment education and quarterly account statements. We do it all, including online and toll-free phone access for their convenience.

Our Employee Retirement Services include:

• 401(k) plans
• Profit-sharing plans
• Defined-benefit plans
• Cash-balance plans
• Money purchase plans
• IRAs
• Employer-Sponsored Retirement Plans (see below)

Employer-Sponsored Retirement Plans

401(k) Plans

With these popular plans, employee contributions actually represent deferred compensation and therefore could or may offer income-tax incentives. 401(k) plans also allow employers to make matching or profit-sharing contributions on their employees' behalf — and receive a corporate tax deduction.

• Investment may be Trustee or Participant directed
• Flexible withdrawals may be designed into the plan document

Profit-Sharing plans

With these plans, employers may share profits with employees by funding the retirement plan in full according to a set formula or discretionary amount. However, contributions are not required every year — this is strictly at the employer's discretion. Employer contributions receive a corporate tax deduction.

• Employees are not allowed to make contributions
• Investment may be Trustee or Participant directed
• Flexible withdrawals may be designed into the plan document

Cash-balance plans

These plans are fundamentally the same as defined-benefit plans, but with the advantages of a profit-sharing plan. The key difference is that cash-balance plans provide benefits in the form of a determinable account balance rather than an ending retirement benefit.

• Withdrawals are more flexible than with defined-benefit plans
• Advantageous to small or privately owned businesses and those who wish to receive larger retirement contributions

Money-purchase plans

These plans are similar to profit-sharing plans, except that the annual employer contribution amount is defined by the plan document and is not discretionary. Employer contributions receive a corporate tax deduction.

• Investment may be Trustee or Participant directed
• Flexible withdrawals may be designed into the plan document
• May be combined with other retirement plans