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Extraco A local bank that thinks big
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A local bank that thinks big
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Savings Incentive Match Plan for Employees
A salary-deferral retirement plan for small businesses

Employers searching for an inexpensive salary-deferral retirement plan should consider a Savings Incentive Match Plan for Employees (SIMPLE).

SIMPLE Plans allow employees to make pre-tax salary deferrals of up to $7,000 annually for 2002, $8,000 for 2003, $9,000 for 2004, and $10,000 for 2005. Contributions also grow tax-deferred. Employers are required to make either a dollar-for-dollar match up to 3% of compensation, or a 2% non-elective contribution to all eligible participants.

Ideal for sole proprietors, partnerships and corporations with fewer than 100 employees, SIMPLE Plans do not require an IRS Form 5500 filing.

For more information, contact an Extraco Relationship Manager by e-mail, or call 866-EXTRACO toll-free.

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Bridge the technology gap
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INSURANCE PRODUCTS ARE NOT DEPOSITS, NOT INSURED BY THE FDIC OR ANY FEDERAL GOVERNMENT AGENCY, NOT GUARANTEED BY EXTRACO BANKS OR ITS AFFILIATES AND MAY GO DOWN IN VALUE. Investment consultants are registered representatives of, and securities are offered through, UVEST Financial Services, a registered broker/dealer and member FINRA, SIPC. INVESTMENT PRODUCTS ARE NOT FDIC INSURED. MAY LOSE VALUE. NO BANK GUARANTEE.

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