(706) 843-6019
Referral Program

Small Business Retirement Plans in Thomson GA & Martinez GA

Offering a retirement plan for your employees could be one of the best things you'll do for your small business. The benefits aren't just in the future, either—as pointed out by the Department of Labor, starting a retirement plan offers immediate tax benefits in the form of deductibles, deferred taxation, and tax-free growth. Small employers can also usually take advantage of available tax credits that help offset the creation and administration of their plan, making it both easy and affordable to get started.

Types of Small Business Retirement Plans

If you're going to start offering small business retirement plans, you need to decide what type of plan(s) are actually going to be offered. There are a few different choices, each with their own advantages for different types of business owners.

401(k) Plans

A 401(k) plan—named after its designation by the IRS—is a special type of retirement account that allows employees to contribute some of their earnings into a savings plan. The three main forms of 401(k) plans available are Safe Harbor, Automatic Enrollment, and Traditional, all of which have important differences for small businesses. We encourage talking to a certified financial professional prior to selecting a plan in order to ensure that it's right for your company's needs, both now and in the future.

*Federal income tax laws are complex and subject to change. Neither Nationwide nor its representatives give legal or tax advice. Please consult your attorney or tax advisor for answers to specific questions. 

Profit Sharing Plans

If your company's income is variable, you can opt for what's known as a "profit sharing plan." These plans accept contributions at the discretion of employers, and typically do not require a certain amount of contributions each year. This is especially useful for startups, who may not have funds to spare as they work to establish themselves and deal with the challenges of creating a new business.

While all plans are required to file a Form 5500 each year to report their performance, the plans are accepted for businesses of any size and can even be used by companies that have other retirement plans in place. A Watson & Knox, Inc. agents would be happy to discuss these and other options with you.

Guarantees and protections are subject to the claims paying ability of the issuing insurance company.

1. "Choosing a Retirement Solution for Your Small Business." Accessed April 12, 2016. http://www.dol.gov/ebsa/publications/choosing.html.

2. "Form 5500 Corner." Accessed April 12, 2016. https://www.irs.gov/Retirement-Plans/Form-5500-Corner.

Watson & Knox, Inc.

139 Main Street

Thomson , GA 30824

Main office: (706) 843-6019
Toll free: 800-556-4606
Fax: 706-595-6897

Office Hours:

Mon: 8:00 AM - 5:00 PM
Tues: 8:00 AM - 5:00 PM
Wed: 8:00 AM - 5:00 PM
Thurs: 8:00 AM - 5:00 PM
Fri: 8:00 AM - 5:00 PM
Sat: Closed
Sun: Closed

Our Providers

Testimonials

With Watson and Knox, we have found someone who actually cares and works hard for the customer and their needs.
Bryan B Kirkland, Edwards Paint and Body Works LLC
Thanks so much for all the time, patience and hard work you put in to get our insurance. I feel very confident we made the right decision going with Watson & Knox with ALL our insurance needs.
Lynn Pulliam
The commitment and professionalism provided by Angela was above anything I had anticipated.
David Knox
My wife and I have been customers of Watson and Knox for about five years. We have been very pleased with the service and product knowledge provided by everyone with the company. I have always felt like part of a family with them because they go above and beyond to make sure you understand everything about their products. And if they don’t know something they will tell you they don’t know and they always find the answer. I have been so impressed with the service I always recommend them to friends and family.
Jason Cranford
When I receive premium payment notices, I call Angela Hammond to check the policies to be sure I have what I need and the premiums are the best for me. I am very appreciative of this relationship.
Mary Etna Dudley
Nick has dealt with Mrs. Angela Hammond through Watson and Knox since he was old enough to need car insurance. When we married in 2002, I switched my vehicles to coverage from Watson and Knox, because of Mrs. Angela. She is extremely helpful, always willing to find more information if any questions arise, and she responds quickly. We trust her along with the other agents at Watson and Knox and feel that we have established a life long relationship with her.
Courtney Hayes
I have been extremely satisfied with the services provided by Watson and Knox. I felt very confident with their research and knowledge of the insurance industry. They were able to provide the insurance my company needs at a much more affordable rate. I am proud to be working with a local business.
Amy Stewart - Lake Crossing Health Care
Watson & Knox has and continues to provide Pulliam Lumber Co., Inc. with great satisfaction info needed on any insurance needs and is met at an above timely manner. Our agent, B.L. Johnson, goes above and beyond helping us with insurance needs. Watson & Knox needs to continue their great client/customer service.
Lynn Pulliam - Pulliam Lumber Company
Have been very helpful in all of our dealings. Thanks.
Sammy Luckey - A J Miller Masonic Lodge
Great service, friendly folks, and above and beyond to help.
Karen Shields - Second Baptist Church
I have compared some other insurance policies and have always come back to Watson & Knox. The prices have always been better. I also have had some claims, and Connie was always very efficient to get them settled.
Louise Adams
Being a multi-faceted business, Workforce Capital is required to have exceptional insurance policies. The choice to do business with Watson and Knox is as easy as 1,2,3. Like our company, Watson and Knox is built on customer relations.
Michelle A.
As far as insurance goes, I've always said, "You never know what you've got until you need it". I just wanted you to know that my recent encounter with a deer (the encounter cost me $6,000) could not have been any better handled. My little beloved car is a one of a kind, and it would not have been a surprise to me if, after the accident, an insurance company considered my car ‘totaled.’ However, Encompass, instead of sending me all over the place in order to find estimates, just suggested the best body shop in town. The body shop promptly picked up my car and fixed the car within a week; my little baby looked as good as or better than new! Encompass never argued the cost. Angela, over the many years that you’ve revised our policy, you’ve always helped me make the BEST decisions about coverage, and also you’ve never implied that you’re frustrated by our hobby of auto trading. Though our auto policy did not cover a car rental, YOU covered me with an umbrella, which got me a rental. When the whole affair was over and my car looked perfect and was running perfectly, - there was a bonus check! Wow! This check, which is a kind of check of which most people are unaware, was for deprecation and was sent to me unsolicited! OMG, what best practices for an insurance company! Thanks so much Angela, and thanks so much Encompass for having treated me like you care from the time you picked me up off of the side of the road to the moment that my car was finished. It feels like I never had an accident!
Susan Tyner Pritchett
"Watson and Knox has always gone above and beyond for our company. Whether it's regular business hours, after work, or weekends, they find a way to provide the answers and recommendations needed. The staff at Watson & Knox is full of dedicated and knowledgeable individuals, a huge advantage in today's world of constantly changing policies." Cully Poston Two State Construction project manager
Cully Poston