Qualified Retirement Plans

A qualified retirement plan is a savings plan that meets the requirements of Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) and therefore is eligible for favorable tax treatment. These plans qualify for several important tax benefits, including the ability to accumulate tax-deferred contributions and earnings on those contributions.

403(b) Plans

A 403(b) plan is a retirement account for employees of tax-exempt organizations, such as public schools, universities, churches, or non-profit hospitals. If you are employed by a tax-exempt organization, you may have an opportunity to save for your retirement with a 403(b) plan. The contributions to your 403(b) are made on a pre-tax basis and allow for the tax-deferred accumulation of assets.

Allen & Company is proud to be selected as a 403(b) Plan provider for the Polk County School System. Your Allen & Company Financial Advisor can explain the rules for contributions, determine if you are eligible for this program, and help you decide whether a 403(b) plan will meet your individual needs.

Our team of Financial Advisors has the knowledge and experience to help you with 403(b) plans as well as other retirement plans unique to Florida, such as the Deferred Retirement Option Program (DROP) and the Florida Retirement System (FRS).