Research shows that 70% of small business owners’ wealth is invested in their business1. While this approach may be a common practice among small business owners seeking to grow their business, it is a not a retirement planning strategy. Yet, two-thirds of owners say they plan to retire in the next decade2.

This presents an opportunity for you to help self-employed individuals and small business owners prepare for retirement by choosing a retirement plan to suit their business.

A Plan for Every Small Business

OppenheimerFunds offers retirement programs to meet the needs of every small business; ranging from a one person self-employed plan through plans for businesses with 100 or more employees. Each program offers easy plan set-up, educational materials, supportive guidance, share class flexibility (Class A, C and R shares), no installation fees and a low annual maintenance fee3 paid by participants.

We strive to help investors meet their retirement goals by drawing on our strength across a broad spectrum of investments. We believe that the Right Way to Invest is to make global connections, look to the long-term, invest with proven teams and take intelligent risks. Our resources demonstrate the benefits of a retirement plan, which include:

  • Attracting and retaining high-value employees.
  • Attractive contribution limits.
  • Business tax deductions.
  • The potential for tax-deferred and tax-free growth.
  • Smoother succession planning.

As you work with prospective plans sponsors, be sure to gain an understanding of the make-up of their employees and their objectives for the retirement plan so you can help them select the plan that best suits their needs.

While conducting your annual plan reviews with current plan sponsor clients, ensure clients are taking full advantage of those benefits by asking the following questions:

  • Is the employer taking advantage of their tax deductible contributions?
  • Are participants increasing their contributions?
  • Are participants’ allocations diversified and are they reaching their maximum contribution potential?
  • Have there been any changes within the company and does the plan still meet their needs?

Next Step

Call your Regional Advisor Consultant at 800.255.2750 to learn more about our suite of retirement programs for small business owners, and inquire about our DCIO capabilities.

1 CNBC/Financial Planning Association, Small Business and Financial Planning Survey, August 2014.

2 Pepperdine University, 2013 Study.

3 Other account-related fees (if applicable), and fund expenses apply. If the total value of the participant’s investments in retirement and/or non-retirement accounts in Oppenheimer funds, excluding OppenheimerFunds direct-sold 529 plans, is $50,000 or more, the annual maintenance fee is $0.