Retirement Planning

As more and more people prepare for retirement, retirement savings programs are becoming more important to employers and employees alike. Any business interested in attracting and retaining a qualified workforce will see retirement benefits as a key consideration. However, the administration of a retirement plan is often too complicated, expensive and time consuming for most businesses to handle in-house.

Our services offer employers everything necessary to establish and administer profit-sharing plans, 401(K) plans, and pension plans, including:

• Legal documentation
• Employee education
• Corporate trustee
• Investment options
• On-going record keeping

If you are an employer looking to establish a retirement plan for your organization, we will be happy to meet with you to discuss your needs.

403(B) Accounts

Employees of education institutions, certain medical institutions, and certain non-profit organizations may be candidates for a 403(B) plan, which provides eligibility for certain tax benefits. We provide 403(B) services for both employers and individuals.

Investment in products offered through our Wealth Management Group are not deposits or obligations of, and are not guaranteed by, Chemung Canal Trust Company and/or Chemung Canal Trust Company DBA Capital Bank, a division of Chemung Canal Trust Company.  These investments are not insured by the FDIC, the Federal Reserve Board, or any other government agency.  Investment in these products involves risk, including the possible loss of principal.