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Workplace retirement investment planning for professionals
Citi Global Wealth at Work has been a valued partner to firms and their busy professionals, creating attractive, tax-efficient and dependable retirement programs for employees. Our team is experienced in retirement investment planning and work closely with you to find the right retirement savings options for your organization.
Our cash balance pension plans offer an opportunity for firms to help their employees finance their retirement while making your organization’s benefits more attractive to future recruits and existing talent.
Another benefit of cash balance pension plans is that they are tax-efficient for your firm, while also seeking to deliver dependable returns in a transparent manner. They also come with different contribution limits than traditional defined contribution plans.
Getting retirement ready
Flexible solutions
Cash balance pension plans are defined benefit pension plans that express each participant's benefit as a hypothetical account balance which grows each year alongside pay and interest credits.
This balance can be paid out as a lump sum distribution, transferred into an IRA or 401(k) account, or taken as an annuity — providing a range of retirement savings options that suit the unique retirement needs of your employees.
By establishing a cash balance defined benefit pension plan, your employees have the confidence that they can potentially receive assets when they retire while helping to protect the financial health of your firm.
Attractive benefits
When your firm partners with us, we work closely with your team to understand your employees’ circumstances, financial goals, and retirement objectives so that you choose the products that are aligned with the long-term goals of your employees.
The annual limits that apply to traditional 401(k) plans typically don’t afford highly compensated employees sufficient income during retirement. There is also the risk that insufficient pension benefits can have a negative impact on how your most talented employees view your company. This can make it harder to attract and retain talent.
With our cash balance plans we can help your firm to create and manage employee retirement plans, and therefore have confidence that you offer benefits that are suitable for both your firm and your employees.
Retirement plan professionals
Our specialist team of retirement plan professionals has a depth of experience creating retirement programs for firms and their employees
We are committed to seeking to generate consistent positive investment returns with limited volatility, which is an essential component of all successful cash balance plans.
We share your firm’s goal of seeking to help ensure that your employees are retirement-ready. We help your Benefits team create pension plans that meet applicable pension laws, rules, and regulations. By partnering with us to create cash balance plans for your workforce, you can help give your employees confidence that they are working towards having sufficient assets when they choose to retire.
