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  • IBC Bank Business Investments

Investments

IBC Investment Services provides access to an extensive array of products and services at IBC Bank locations throughout Texas and Oklahoma. IBC Investment Services is your local, trustworthy source for a variety of investment products. Contribute to the success of your business by offering popular retirement program and employee benefits. Check the background of investment professionals associated with this site on FINRA's BrokerCheck.
 
Based on your particular business, we can help you choose from various types of qualified retirement plans, including:
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Investments Options

401Ks

IBC Investments has teamed up with leading providers of 401(k) Plans who offer a turn-key full service plan designed to meet the needs of small and medium-size businesses. Whether you are self-employed or a small business owner, there are a wide range of small business retirement plans designed to meet your specific needs. Our Small Business Comparison Grid lets you compare retirement plans side by side. These plans offer numerous benefits:
  • Select from leading fund families for maximum investment flexibility
  • Enhance employee participation through on-site educational and enrollment meetings conducted by plan providers
  • Smooth transition to new plan or installation of new plan by dedicated team
  • Small Business Comparison Grid
IBC Bank 401Ks

SEP IRAs

A SEP IRA may be an ideal retirement plan for small business due to the ease in which it can be established and maintained. All SEP employer contributions go directly into a Traditional IRA established in the name of each employee. Whether you are self-employed or a small business owner, there are a wide range of small business retirement plans designed to meet your specific needs. Our Small Business Comparison Grid lets you compare retirement plans side by side. Among the benefits of a SEP IRA:
IBC Bank SEP IRAs

Simple IRAs

Corporations, partnerships, sole proprietorships, tax-exempt entities and state or local governments (without another retirement program) can establish a Simple IRA.
IBC Bank Simple IRAs

Profit Sharing

By linking contribution to the performance of your business, employees gain a sense of ownership. Profit Sharing Plans provide strong incentives to your employees to help grow your business.
IBC Bank Profit Sharing

Pension Plans

Pension Plans fall into two major categories: defined benefit plans and defined contribution plans.
IBC Bank Pension Plans

Defined Benefit Plan 412(i) (Oklahoma Customers Only)

A 412(i) defined benefit plan enables small business owners to fund a retirement program with tax-deductible contributions without the funding limitations of a traditional qualified plan.
IBC Bank Defined Benefit Plan 412(i) (Oklahoma Customers Only)

Key Employee Insurance (Oklahoma Customers Only)

Every business has key employees who are critical to the overall profitability and success of the enterprise. Key employee life insurance works like individual insurance, except the business owns the policy and pays the premium.
IBC Bank Key Employee Insurance (Oklahoma Customers Only)
 
Securities offered through LPL Financial, Member FINRA / SIPC. Insurance products offered through LPL Financial or its licensed affiliates. IBC Bank and IBC Investment Services are not registered broker/dealers and are not affiliated with LPL Financial.
Not FDIC Insured Not Bank Guaranteed May Lose Value
Not Insured by Any Government Agency Not a Bank Deposit
This site is designed for U.S. residents only. The services offered within this site are offered exclusively through our U.S. registered representatives. LPL Financial U.S. registered representatives may only conduct business with residents of the states for which they are properly registered: Alabama, Arkansas, Arizona, California, Colorado, Delaware, Florida, Georgia, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Virginia and Washington. Please note that not all of the investments and services mentioned are available in every state.
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SMALL BUSINESS RETIREMENT ACCOUNTS SELF EMPLOYED
  SEP IRA
(Simplified Employee Pension IRA)
Individual 401(k)
Description As a small business owner you can make tax-deductible contributions. As a small business owner with no employees, you may be able to contribute more than with other types of retirement plans.
Eligibility to Contribute If you are a small business owner you can contribute at any age. If you are self-emplyed, a spouse or a business partner you can contribute at any age.
Annual Maximum Contributions As a small business owner you are eligible for the following:

2018 tax year: contribute up to 25% of your compensation or $55,000 whichever is less.

2019 tax year: contribute up to 25% of your compensation or $56,000 whichever is less.

If you have employees, you may be required to contribute for them as well.
Contributions are funded from salary.

Deferral, profit sharing or a combination thereof.

2018 tax year:
Profit sharing: Up to 25% of compensation or $54,000
Salary deferral: Up to 100% of compensation or $18,500 ($24,500 if 51+ years of age)
Combination may not exceed $54,000
Tax Deductible Contributions Your contributions and your employees contributions are deductible from you company's federal taxable income. Your contributions and your business partners contributions are deductible from your company's federal taxable income.
Earnings and Withdrawal Taxation Tax-deductible contributions and earnings are taxed as ordinary income when withdrawn. Tax-deductible contributions and earnings are taxed as ordinary income when withdrawn.
Premature Withdrawal Penalties 10% IRS early withdrawal penalty if withdrawn before age 59 ½ unless an IRS exception applies. 10% IRS early withdrawal penalty if withdrawn before age 59 ½ unless IRS exception applies.
Required Withdrawals Must begin at age 70 ½. Must begin at age 70