Business Solutions

Here at Kappan Financial, we offer a wide array of services to help business owners address their financial needs at every stage of the business life cycle. Taking into account their personal values and financial goals, we create and execute customized strategies to help entrepreneurs meet their objectives. Some of our key services are detailed below.

401(k) Plans for

Complimentary analysis of your company’s existing 401(k) plan, reviewing cost, employee participation and fund availability. If your company does not yet have an established 401(K) plan, Kappan Financial can help you get started and tailor a strategy that best fits your needs. In addition to implementation, Kappan Financial will provide one-on-one consultation with each employee as well as on-going educational opportunities for all.

403(b) Plans for

Kappan Financial can help coordinate and implement a 403(b), using tax sheltered annuities, for most of the school districts in Monroe County, NY.

Additional Employee

  • Group Term/Individual Life Insurance Plans
  • Group Long Term Disability Insurance Plans
  • Long Term Care Insurance Solutions

SIMPLE IRA Plans for
Small Businesses

If your business employs 100 people or less, the complexity and cost of implementing a 401(k) may not make the most sense. Kappan Financial can help you “keep it SIMPLE” by implementing a SIMPLE IRA plan. A SIMPLE (Savings Incentive Match Plan for Employees) IRA allows employees to save and invest for retirement, while still providing for an employer-matching contribution.

Executive Benefits

The success of most businesses is tied in to the talent, passion, and work ethics of their key executives. Executive benefit packages can help you attract, motivate, and retain high-caliber employees and keep your company healthy and stable. We can help you with funding non-qualified plans, supplemental employee retirement plans, split dollar plans, and more.

Succession Planning

Succession planning allows owners to retire from their business within their own time frame, while preparing for the company to be transferred to family members, key employees, an outside party, or even a charity. This must be done in a way that achieves personal financial security, maintains harmony, and achieves maximum value for the business. We can provide financial strategies for succession planning.

Key Person Insurance

Key person life insurance offers a death benefit that helps indemnify an employer for the loss of one of its most important assets—the key person. This can help assure continuity of the business for employees, customers, and creditors, and protects against losses in sales, momentum, and credit. It can also be used to assist with recruiting and developing a replacement for the employee.

Funding Buy-Sell

A buy-sell agreement is a legally binding agreement between co-owners of a business that governs the situation if a co-owner dies or leaves the business, whether by force or by choice. A funded cross-purchase buy-sell plan utilizes life insurance to help ensure that the arrangement is properly funded so that there will be money if the event occurs.

Funding Deferred Compensation

Deferred compensation is a written agreement between an employer and an employee in which the employee chooses to have part of his or her compensation withheld by the company, invested on their behalf, and distributed to them at a predetermined point in the future. Deferred compensation can be used as a flexible way to attract and incentivize key employees. We provide funding strategies for deferred compensation.