Retirement Services

No matter how large or small your business, establishing an employee retirement plan is critical for attracting and retaining an experienced, qualified workforce. Unfortunately, the complexity and expense of managing a retirement plan prevents many business owners from offering a plan to their employees. Our Retirement Plan Specialists can help alleviate these obstacles by guiding and advising you through every step of the process. From plan design and implementation to record-keeping and compliance testing, our retirement plan experts will deliver a custom retirement plan for your business that combines personal service, investment management, and full in-house plan administration.

Employer-sponsored retirement plans offered:

• Profit Sharing Plans
• 401(k) Plans
• 403(b) Plans
• 457 Plans
• SIMPLE IRA Plans

Benefits

• Custom – all retirement plans are planned, designed, and implemented specifically to meet the needs of your business and employees.
• Local – our Retirement Plan Specialists are very active in the local business community and aware of the unique needs of local businesses and their employees.
• No outsourcing – we do not outsource the administrative support you require, including tax reporting and annual filings.
• Support – our Retirement Plan Specialists provide enrollment and educational kits, ongoing required participant notices, and on-site individual employee meetings to help them make important savings and investment decisions.

Contact a Retirement Plan Specialist today to get started!

View your Retirement Plan Account anytime, anywhere for free!

• Check your current balance
• View your personal rate of return & fund performance data
• Review your savings rate and personal information
• Learn how you can download the app by visiting our Web & Mobile Banking page.

Download the app today!

Canal Bank’s Investment Officers employ a “best of breed” philosophy when it comes to the investment options that we offer our retirement plan clients. Unlike larger providers that may only offer their own funds, we take pride in recommending the best funds available to our clients. Using comprehensive screening tools combined with extensive research and analysis during our fund selection process, our investment selections are made solely with your needs in mind. We do not take sales loads, marketing, or consulting fees from mutual fund families. The funds we select are reviewed and monitored regularly to ensure compliance with the investment objectives of your retirement plan.

We also offer 3(21) or 3(38) Fiduciary Services to retirement plan clients.

Contact an Investment Officer today to learn more.

• Retirement Savings Calculator: How long will your retirement savings last? This tool can help you plan how much you save.
• Retirement Planner Calculator: Is your retirement plan on track? This calculator can help you determine if you’re on the right path, and stay on target saving for your future.