First Fidelity Financial Advisors
First Fidelity Bank has many services that can help you become more successful in your business. Read more and find out which ones make sense for your business.
|Type of Service|
|Employee Benefit Plans||More››|
Employee Benefit Plans
Qualified Retirement Plans
The employer’s contributions are tax deductible. The earnings in the fund grow at a tax-deferred rate. At distribution time, some funds may be eligible for favorable tax treatment. Participants may be in a lower tax bracket after retirement.
Principal Types of Plans
Defined benefit plans provide a monthly benefit that each participant will receive at retirement. An actuary will determine the contribution each year.
Defined contribution plans generally provide for a contribution based on a percentage of current salaries for each year. The amount of retirement benefit each participant will receive will depend on the investment return and the number of years until retirement.
|Defined Contribution Plans||More››|
Defined Contribution Plans
Defined Benefit Plans
SIMPLE Retirement Plans
|Investment Management Services||More››|
Investment Management Services
First Fidelity investment consultants draw on their extensive experience to provide you with the investment advice you require. Trusting the asset management of your portfolio to our consultants provides you with the time you need to manage your business with greater focus.
|Business Trust Services||More››|
Business Trust Services
Employee Benefit Plans
First Fidelity will act as trustee, custodian and/or investment manager on most types of employee benefit plans. We will also assist your legal counsel to prepare a plan document. Typical plans administered by First Fidelity include: 401(k) plans, profit sharing plans, money purchase pension plans, pension (defined benefit) plans and Keogh plans. IRA rollover plans can be administered by First Fidelity either as a directed custodian or as trustee.
Institutional Investment Management
A service in which assets of companies, foundations, endownments, and other not-for-profit organizations are accounted for, kept safe, and invested under the management of First Fidelity Bank. First Fidelity works with the organization to establish investment objectives and execute an investment strategy.
Daily funds are “swept” from the checking account and invested in a money market fund. As cash is needed, the reverse process takes place, from trust to the client checking account to restore the account balance. Income is received and distributed monthly.
Commercial Insurance Program
We offer a full range of products and services available to meet your property and casualty business insurance needs. Here is a brief overview of what’s available.
|Brokerage and Investment Services||More››|
Brokerage and Investment Services
Our investment center professionals are experienced licensed financial consultants who provide complete investment strategies and tactics.
*The products offered are not FDIC insured. Products are not deposits, or other obligations, or guarantees of the bank, and are subject to investment risks including the possible loss of principal amount invested.