Influence how your employees create greater financial stability.
One business strategy to help retain your workforce is to provide your employees with an easy way to save for their future. This strategy promotes financial wellness which leads to higher productivity and job satisfaction. First State Bank assists businesses with structuring employee- or employer-funded contributions to an employee benefit account, such as an individual retirement account or health savings account.
Individual Retirement Accounts (IRAs)
First State Bank offers Traditional and Roth IRAs that enable individuals (employees) to contribute to their retirement on a tax favored basis.
Health Savings Accounts (HSAs)
Health Savings Accounts provide a convenient, tax-advantaged way to make healthcare more affordable for those with a high deductible health plan (HDHP). Businesses can arrange for their employees to establish Health Savings Accounts with First State Bank that are either self-funded by employees or are funded by a combination of employee and employer contributions.
Contact a First State Bank Business Banker for more details.