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Business Retirement Plans

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If you operate a business, are in professional practice or are self employed, we can help you create a cost-effective retirement plan that is easy to set up and maintain. Choose from 401(k) Plans, SIMPLE IRA’s or SEP Plans which can be either managed accounts or participant directed.

401(k) Plan

Many businesses choose a 401(k) plan as a way to offer their employees’ tax-deferred retirement savings. As an employer, you may contribute to your employees’ retirement via matching or profit sharing contributions.

Simple IRA Plans

This easy to administer plan gives employees the advantages of a tax-deferred retirement plan. Employers appreciate its lower costs and simplified reporting requirements.


The SEP IRA is a retirement plan designed to benefit self employed individuals and small business owners. Sole proprietorships, S and C corporations, partnerships and LLC’s qualify.  A SEP IRA has broad appeal due to its high annual contribution limits, completely discretionary and flexible annual contributions and minimal administration. SEP IRA plans can be established by a one person business or by a business owner with employees.












Trust services provided by Southern Michigan Bank & Trust’s Southern Financial Group Division are not affiliated with Raymond James and are not FDIC insured. They may lose value and there is no bank guarantee.

Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC, are: not deposits, not insured by FDIC or any other governmental agency, not guaranteed by Southern Michigan Bank & Trust, are subject to risk, and may lose value. Southern Michigan Bank & Trust and the Southern Financial Group are independent of Raymond James.

Raymond James financial advisors may only conduct business with residents of the state and/or jurisdictions for which they are properly registered. Therefore, a response to a request for information may be delayed. Please note that not all of the investments and services mentioned are available in every state. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Contact your local Raymond James office for information and availability.  Raymond James’ Privacy Notice.