Retirement Plans

The Right Plan for Your Business
State Bank of Long Island specializes in serving small businesses, commercial and industrial mid-sized companies, and professional firms of all types. Regardless of the size of your business, we can help you establish a retirement plan that will suit your needs.

A Wide Array of Investment Options to Fund Your Plan
Through Investors MarketPlace at State Bank of Long Island, a service of Essex National Securities, Inc. and Essex National Insurance Agency, Inc., we make available a wide range of investment alternatives including mutual funds from some of the nation's best known investment companies. We know that successful investing for retirement is a long-term process. We believe in an investment strategy that strives to balance risk and return by using a diversified portfolio. Our representatives will point you toward investments with objectives that reflect your goals and those of your employees.

Help in Plan Selection and Design
Our knowledgeable and experienced retirement specialists will listen to your business and personal financial goals, will explain the various retirement plan options available, and will help you design a retirement plan that suits your personal and business goals.

Choose From the Following Retirement Plans
Here are some of the retirement plan options available to you and your employees:

• 401(k) Retirement Savings Plan - these are employer-sponsored plans which allow for payroll deductions for employee contributions. Employees make elective pre-tax salary deferrals, with established maximum limits annually. Employers have the option to match all or part of employee contributions.
• Profit Sharing Plan - ideally suited for many businesses because of the flexibility these plans permit. Employers can vary their contributions from year-to-year or forego contributions altogether. Often used in combination with a 401(k) Plan.
• Money Purchase Plan - good for established businesses with predictable cash flow. Employer contributions are mandatory from year to year, regardless of annual profits.
• Simplified Employee Pension Plan (SEP) - appropriate for all size businesses, this is the easiest plan to establish and administer. Employers can adjust their annual contributions to match their cash flow.
• Savings Incentive Match Plan for Employees (Simple IRA) - suitable for businesses with 100 employees or fewer. This plan may not be used in conjunction with another retirement plan. A Simple IRA is an employer-and-employee funded plan, however, business owners have flexible, tax deductible contribution options.

Would You Like an Appointment?
It’s easy to arrange a meeting at your office or at any one of our convenient branch locations. Simply call (516) 465-2366 to schedule an appointment with an Investment Representative near you.

Securities are offered through ENSI, Member FINRA (www.FINRA.org) and SIPC. Insurance products are Offered through Essex National Insurance Agency, Inc.