(631) 755-1100


Financial Planning

Wealth Management


Retirement Planning

Group Employee Benefits

EmployeR Sponsored Plans


The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that provides minimum standards for the retirement and health plans private companies offer. ERISA also establishes certain responsibilities for how those who manage and control plan assets and gives participants the ability to sue for violations related to fiduciary duty. Beacon ICG is here to assist you with your employer sponsored retirement plans.

At Beacon ICG, we are not only experienced in providing support to assist in managing group retirement plans, but we’re also deeply familiar with the legal requirements of ERISA. So, when we work together, you can feel confident that you’re receiving professional guidance as you offer these employer sponsored retirement plans to your employees. Our team will help manage a prudent process as we assist in drafting and maintaining the investment policy statement. We’ll also guide the ongoing management of the investments you offer your employees.

401k employee sponsored retirement plans


One of the most common offerings for employees is a 401(k). This retirement savings and investment plan allow contributions to be automatically withdrawn from paychecks.

From there it’s invested in certain funds selected from a set of available options. As your financial advisors, our Beacon ICG team can assist you in designing a 401(k) that suits your needs and those of your employees now and into the future.

profit sharing employer sponsored retirement plans beacon icg


Profit-sharing allows you to give your employees a share in the business’ growth. This incentive-based compensation plan gives employees a percentage of the company’s profits. As with any group plan, it’s essential to explore the options available and to consider the implications of the plans being offered.

At Beacon ICG, we’re experienced in helping clients with their profit-sharing plans and we’re here to help you make the right decisions for your company’s needs and those of your employees.

Defined Benefit Plans

This employer-sponsored retirement plan uses a formula to determine the benefits it provides. Factors in this formula may vary but often include salary and length of employment.

Since the employer is responsible for the investment risk, the process of establishing this sort of plan may be best navigated with proper financial guidance.

Non-Qualified Plans

Non-qualified plans are unique in that they don’t adhere to the Employee Retirement Income Security Act (ERISA). Instead, these plans allow employees to earn compensation in a particular year while deferring income tax to a later year. These plans have several unique benefits and are best suited for use in certain situations. So, it may be most helpful to discuss this option with a financial advisor.

Whatever you have in mind for your group retirement benefits, we’re here to help.

Offer Your Team Employer Sponsored Retirement Plans with Beacon ICG

Employee Retirement Income Security Act of 1974 (ERISA)

At Beacon ICG, our knowledge of ERISA and experience providing support to manage group retirement plans sets us apart. If you’re ready to revisit your current group retirement benefits plan or you’d like to explore offering your employees benefits like these, contact us here.


(631) 755-1100

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1895 Walt Whitman Rd # 4,
Melville, NY 11747

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