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INDUSTRY NEWS

December 16, 2016

Contractors Confident Trump Will Sell Infrastructure Deal

August 05, 2016

OSHA Issues New Rules for Reporting Workplace Injuries and Illnesses

July 29, 2016

New York Cracking Down on Worker Exploitation'

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401(k) Retirement Plan

The STBA in cooperation with the Community Investment Services, Inc. has created a multiple employer 401(k) Retirement Plan that costs the employer only $300.00 per year. The plan has 18 investment choices and offers 1-800 Tele-Touch and Internet services which allows your employees to get account balances and make changes in their investments 24 hours a day, seven days a week. Owners and highly compensated may elect to use the plan's Safe Harbor option, which allows owners and highly compensated individuals to save up to $18,000 a year without going through typical 401(k) discrimination testing. The employer has the option of whether or not they want to make matching contributions. This plan will help you to establish a valuable benefit to help you retain employees. This is a great benefit to our members and we urge you to look into it, whether or not you currently have a retirement plan in place.