Frequently Asked Questions –

Just ask and well answer.

Why do business with CatchFire Funding?

Were passionate about helping you build a great future for yourself and your family while helping youprovide opportunities, employment and support for others in your community. Like many of our clients, you may well find that starting and building a successful business is your path to financial freedom and a better lifestyle.

Can I offer this retirement plan as a benefit to my employees?

Yes. By law, any employee that meets the eligibility requirements must be given the option to participate in the 401k plan.

This is very good news for you. According to surveys in the human resources industry, attracting and retaining great employees is one of the biggest issues facing small and medium businesses today. A classic human resources study documented that excellent employees are over 2,000 times more valuable than poor performing employees.

Losing a really good employee for any reason is painful. You need to give yourself every advantage to make your business successful. Being able to offer a retirement program as a benefit to your employees can give you that critical edge in attracting and keeping the people that can help you achieve your dreams.

Will employees be allowed to invest in company stock?

The short answer is yes, absolutely. Your employees will be given a variety of investment options, including investing in the stock of your company. Specific procedures are provided with your 401k plan to allow them to invest in company stock, if they desire to do so.

The longer answer is that you need to be aware of two things. The first is that your employees need to be offered the same investment options that you as a company official have access to. This includes the ability to invest in your companys stock, if they wish to do so. Other investment options our clients often use are the stock market, mutual funds, or any other investment opportunity offered by companies such as Fidelity Investments, Charles Schwab or AXA Equitable.

The second thing that you need to be aware of is that your employees cannot be required to purchase your companys stock, if they do not wish to do so. Your employees retirement investment decisions must be totally up to them to make of their own free will. No one from CatchFire Funding, or any official of your company, is allowed by law to influence in any way the decisions of your employees as to how they invest their retirement monies.

What types of retirement funds qualify for your program?