Your employer contributions are discretionary and flexible. This type of plan is easy to implement, administer and explain. Employees control and direct the investments in their IRAs. Both methods are subject to maximum limits. Annuities Using annuities to set up an IRA offers your employees a number of advantages.
Contributions are tax-deductible, subject to certain limits.
The employee has full control over the plan and its investments. An IRA is easy to establish and requires little or no administration. The tax treatment of IRAs and other qualified retirement arrangements, including income tax deferral on the earnings, is the same regardless of the funding vehicle chosen. All rights reserved. The Northwestern Mutual Financial Network is the sales and distribution arm of The Northwestern Mutual Life Insurance Company, its affiliates and subsidiaries.