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Retirement Planning Options for Individuals and Businesses

Retirement planning is important for both individuals and businesses. At First Citizens, we can help business owners establish a retirement plan that will increase employee retention and loyalty. We can also set up individual retirement plans for people who are self-employed or don’t have access to an employer-based plan.  

Employee Stock Option Plan (ESOP)

Employer stock contributed to a retirement plan

Profit Sharing Plans

Simple, easy-to-maintain plan that shares a company’s profits

401(k) Retirement Plans

Tax-deferred savings for employees

401(k) Safe Harbor Retirement Plans

A less expensive 401(k) option for businesses

Defined Benefit Pension Plans

Defined retirement benefits for employees

Savings Incentive Match for Employees (SIMPLE)

Easy retirement plan that offers a savings match to employees

Simplified Employee Pension (SEP)

Allows employers to contribute to employee IRAs

Traditional IRAs

Tax-deferred retirement savings

Roth IRAs

Tax-free withdrawals from retirement plan

Rollover Options

Move an existing IRA into a new account without penalties


What our
customers say

You’re a person here, not a number. The people here know who you are when you walk in the door and treat you like family.

– First Citizens National Bank customer