Help your employees set aside money for retirement by offering employee IRAs. American Savings Bank offers different account choices to help you in attracting and retaining employees. All deductions are tax-deductible to the employer and all earnings are tax-deferred to the employee until they are withdrawn. These retirement plans are easy to set-up and administer and no extra reporting to the IRS is necessary.
Benefits Your Business Will Receive
- Helps employees prepare for retirement
- Offer tax-advantaged savings to the employer and employee
- Available at any of our branches
- Insured up to FDIC limits
Account
Choices
Employee
Pension IRA (SEP)
A simplified Employee Pension Plan (SEP)
is a retirement plan set up by an employer for the benefit of the
employees. Once established, employers may make SEP deposits into
each employee's IRA as well as their own. More
Employee
Savings Match IRA (SIMPLE)
A SIMPLE IRA is a retirement plan set up
by an employer for the benefit of employees. Each employee must
maintain an individual retirement account into which contributions
are funded. The employer must have 100 or fewer employees. More
Compare
IRA Accounts
IRA Options
In addition to our FDIC-insured Retirement
IRAs, you may select from our other non-FDIC-insured investments.
 |
 |
 |
 |
Bank
IRAs†
- Offered through American Savings Bank
- FDIC-insured accounts
- Fixed Term
- Available through branches
|
 |
|
Brokerage
IRAs†††
- Offered through American Savings Bank's
Financial Services Group department
- Non-FDIC-insured investments, i.e., mutual funds and annuities
|
|
 |
 |
 |
