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trust services
BUSINESS
We provide complete trust and investment services tailored for you, the business owner. Whether it's determining the most cost efficient method of transferring your business to the next generation or identifying opportunities to mimimize your estate tax burden, our experts in the Lake Elmo Bank Trust Department can help. We can work with you to find the best retirement plan for you and your employees. We will help you review all of your options so that you can make the best decisions concerning you, your family and your business.
RETIREMENT PLANNING
As a business owner you can develop a plan to secure your retirement future and provide retirement benefits to attract and retain employees. Our Investment Department will work with you in implementing a qualified retirement plan to meet your needs through the following services:
| Detailed explanation of available plan |
| Complete administration reporting capabilities |
| Comprehensive investment product selection |
The following plans are available:
| Profit Sharing Defined Benefit |
| KeoghMoney Purchase Plans |
| Simple Plans Simplified Employee Pension |
| Deferred Compensation Plans(SEP) |
For more information, contact a staff member in our trust deptartment.
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Products and services offered through the Trust Services Department of Lake Elmo Bank are not FDIC insured, not a deposit or other obligation of, or guaranteed by Lake Elmo Bank are subject to investment risk, including the possible loss of the principal invested.
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