Employer Plans
Your biggest and advantage to recruiting and retaining staff could be your retirement plan.
Reward your employees for their hard work, and give yourself a competitive edge in hiring your next generation of top-performers. We have options for non-profits and government agencies, too.
Defined Benefit Pension
Allows employers to contribute money on a quarterly basis toward a predetermined retirement benefit for each employee, based on age and compensation.
403(b) Custodial Account
Similar to a 401(k), this plan gives employees of educational, scientific, charitable, or religious organizations an option to save for retirement while deferring taxes on contributions and earnings. Plan may allow Roth (after-tax) contributions as well.
Profit Sharing Plan
Employers may make discretionary annual contributions into employee retirement accounts up to 25% of each employee's eligible compensation or a maximum set by the IRS.
Money Purchase Pension Plan
Similar to a profit sharing plan, but the employer makes fixed contributions up to the lesser of 25% of eligible compensation or the maximum set by the IRS into retirement accounts for its employees.
401(k) Plan
Enables employees to defer taxes on annual contributions. Those 50 or older may make additional annual catch-up contributions as well. Employers may make matching or non-elective contributions. Earnings accrue on a tax-deferred basis. Plan may allow Roth (after-tax) contributions as well.
For businesses, nonprofits, and government agencies:
First Hawaiian Bank offers specialized solutions and support that help you manage investments, oversee custodial accounts, and provide employee benefits.
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First Hawaiian Bank’s Wealth Management Group provides investment advice and financial products and services through First Hawaiian Bank. First Hawaiian Bank does not provide tax or legal advice.
Investments, annuity, and insurance products are: NOT INSURED BY FDIC OR ANY GOVERNMENT AGENCY • MAY LOSE VALUE • NOT A DEPOSIT • NOT GUARANTEED BY FIRST HAWAIIAN BANK |