Employee Retirement Plans

Recruit talented people, retain your best employees and boost morale with a retirement plan from Northrim Investment Services

More than 40% of employees would refuse a job that doesn't provide retirement benefits, according to the Employee Benefit Research Institute. And small companies that offer attractive retirement packages have significantly lower turnover rates. 

As a business owner, offering an employee retirement plan for your employees is critical to your success; however, it doesn’t need to be costly, time consuming or complicated.

  • Plan types
    Choose from a full range of standard retirement options including 401(k)s, Roth 401(k)s, Solo 401(k)s, 457s, 403bs, SIMPLEs and SEPs.
     
  • Employee investment choices
    We work with you to create an investment lineup that can help your employees reach their financial goals, given their risk tolerance and time horizon.
     
  • Local advisors
    Your dedicated Investment Advisor Representative (IAR) will work with you to monitor your investment choices, address any questions or concerns, educate your employees  and make adjustments as your business grows and changes. 
     
  • Outside administrators
    We will work with you to find the third party administrator and record keeper that will meet your company’s needs based on size and number of employees, with your budget in mind.
     
  • Transparent Fees
    The fee structure is fully transparent. Plus, you may be able to realize tax benefits, such as tax deductions for your plan contributions.

Plans that benefit both your business and your employees

For your business
In addition to attracting and retaining good employees, and taking advantage of possible tax incentives, here are some other benefits your local IAR will provide:

  • Plan designed to meet your business and employees needs
  • Fiduciary support
  • Local employee education
Our Third Party Administrators/Record keepers provide:
  • Administrative, testing and reporting capabilities; payroll system integration; online management reports; phone support; signature- ready IRS form 5500; IRS form 1099R report issued and filed automatically
  • Online tools, including non-discrimination testing; payroll processing of contributions; and loan, distribution and rollover processing
For your employees
By offering your employees a retirement plan through Northrim Investment Services, you’ll be providing one or more of these advantages:
  • An avenue to help employees save for retirement
  • Tax benefits
  • Employer matching contribution
  • Online tools, including easy enrollment, full account access and control, educational tools, account transfers and reallocations and retirement plan calculators

Ready to discuss your options?

Contact the team member nearest you. The IAR will guide you in selecting an employee retirement plan that is suitable for you and your objectives.

  • Southcentral Alaska: Matthew Thayer | (907) 261-4648 or email
  • Kenai Peninsula, Kodiak and Southeast Alaska: Chris Chambos | (907) 261-4647 or 
  • Interior Alaska: Tammy Kosa | (907) 455-1117 or 
     

Investment advisory services are provided through Elliott Cove Capital Management, an SEC-registered investment adviser firm. Investments made at the recommendation of Elliott Cove Capital Management are not insured by the FDIC, are not a deposit or obligation, or guaranteed by any Bank, any governmental agency, and may lose value.

Northrim Investment Services is the marketing name used by personnel of Northrim Bank that provide investment advisory services as investment adviser representatives of Elliott Cove Capital Management, an SEC-registered investment adviser firm. Although Northrim Bank and Elliott Cove Capital Management are not affiliated companies, the employees of Northrim Bank that are registered as investment adviser representatives of Elliott Cove Capital Management are affiliated persons for both companies.