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Retirement Services

Individual Retirement Accounts

Having sufficient savings for retirement is one of the greatest concerns for people today. Whether you are early in your career, contemplating retirement or already retired, we can help you assess a retirement savings strategy to meet your goals and objectives. The vast array of products available for retirement savings such as 401(k), individual retirement accounts, Roth IRAs, etc. can be complicated to navigate. Our specialists are dedicated to staying abreast of the ever-changing rules and laws to advise you of the options available to you. In addition, tax rules governing retirement benefits continue to grow more complex. We will work with you to develop your own unique plan for the funding, preservation and distribution of your retirement savings.

Capital Bank offers a variety of IRA options, including:

  • Fund allocated IRA
  • Managed IRA
  • Self-directed IRA

In addition, we offer other retirement services, including:

  • Beneficiary designation advice
  • Inherited IRA strategies and advice
  • Utilization of a trust as a beneficiary
  • Asset allocation advice for overall holdings

Whatever your vision of retirement is, let our professionals help you to develop a strategy to meet your vision. We will take the time to understand your individual needs and objectives, and work with you to implement a strategy to help you enjoy the retirement you deserve.

Employer-Sponsored Retirement Plans

Retirement savings programs are extremely important to employers and employees alike. For businesses of any size, establishing an employee retirement plan is an important step in attracting and retaining an experienced and qualified workforce. Our retirement plan experts can deliver a custom retirement plan for your business that combines personal service, investment management, and full in-house plan administration. We offer comprehensive services, all delivered within our footprint, to the following types of employer-sponsored retirement plans:

  • Profit Sharing Plans
  • 401(k) Plans
  • 403(b) Plans
  • 457 Plans
  • SIMPLE IRA Plans

As a business owner or key member of an organization, you have many issues vying for your time and resources. Unfortunately, the complexity and expense of managing a retirement plan prevents many businesses from offering a plan to their employees. Our retirement services can help alleviate these and many other obstacles by guiding and advising you through every step of the process, from plan design and implementation, to record-keeping and compliance testing.

Our Retirement Plan Managers will design and manage a retirement plan solution that precisely meets your needs, and helps your employees meet their retirement goals. Because we are very active in the local business community, we are aware of the unique needs of local businesses and their employees. We do not outsource the administrative support you require, including tax reporting and annual filings. We also provide education and guidance to your participants, so that your employees can fully appreciate the value of the plan you choose.

Capital Bank offers a comprehensive range of retirement planning services and savings options that permit tax-deductible contributions and tax-deferred earnings, including:

  • Plan Design Consulting & Plan Document Maintenance
  • Administration services, including Compliance Testing
  • Annual Form 5500 and tax reporting
  • Investment Management, including Fiduciary Services
  • On-site employee educational workshops
  • Explanation of plan-specific investment options
  • Personalized planning

Investment Services

Capital Bank's Investment Officers employ a "best of breed" philosophy with regard to the investment options we offer our retirement plan clients. We utilize comprehensive screening tools combined with extensive research and analysis during our fund selection process. This process allows us to recommend the best funds available, as opposed to larger providers that may offer only their own funds.

You can be assured our investment selections are made solely with your needs in mind, we do not take sales loads, marketing or consulting fees from mutual fund families. The funds we select are reviewed and monitored regularly to ensure they comply with the investment objectives of your retirement plan.

We do offer 3(21) or 3(38) Fiduciary Services to retirement plan clients.

Participant Communications

Our Retirement Plan Managers will work with you to promote employee participation in your retirement plan. Communicating with your employees is key to helping them prepare for their retirement income needs. We provide enrollment and educational kits, ongoing required participant notices, and on-site employees meetings where we can meet individually with your employees to help them make important savings and investment decisions.

At Capital Bank, our goal is to partner with you and provide a quality retirement plan that will help you and your employees meet your future retirement income needs.