Business Retirement Plans

Build a stronger future for your business and your team

Offering a retirement plan is one of the best ways to attract talent, retain employees, and invest in your own future. At Cox, Klugh & Company, we help business owners design and manage retirement plans that fit their goals, budget, and workforce — from straightforward 401(k) setups to advanced contribution strategies. Based in Anderson, we serve companies across South Carolina and beyond.

Why a retirement plan is good business

A benefit that pays dividends for everyone

A well-designed retirement plan does more than help employees — it strengthens your company. It can boost morale, lower turnover, and provide meaningful tax advantages for business owners. Whether you’re growing a small enterprise or managing a mature firm, offering a retirement plan builds loyalty and long-term stability.


Our advisors guide businesses throughout South Carolina and neighboring states in developing retirement solutions that truly fit. We handle plan design, employee education, and ongoing management, giving you the freedom to focus on leading your company confidently.

Your partner in planning and performance

From setup to ongoing support

When you work with Cox, Klugh & Company, you gain more than a retirement plan — you gain a partner in long-term planning. We coordinate with plan providers, assist with employee onboarding, and monitor investment options to ensure your plan remains competitive and compliant.


We also perform regular plan reviews, analyzing participation rates, contribution trends, and cost efficiency. As fiduciary advisors, we prioritize your employees’ best interests and provide full transparency at every step, giving you confidence that your plan is handled with care.

Choosing the right fit for your business

Tailored plans for every stage and size

401(k) Plans

The most common option for many employers. We assist with setup, employee education, investment selection, and ongoing compliance — including traditional and Roth 401(k) designs.

SEP IRAs

A flexible choice for self-employed professionals or small teams, allowing employer-only contributions and simplified administration.



We help business owners evaluate and implement retirement plans that align with company goals and resources.

SIMPLE IRAs

Best for smaller businesses seeking an affordable, low-maintenance plan. We guide you through contribution structures, match requirements, and plan implementation.

Cash Balance Plans

Ideal for high-income owners wanting to save beyond 401(k) limits. We collaborate with actuaries to create defined benefit plans that maximize tax-deferred savings.

Business Retirement Plan FAQs

Clear answers for business owners

  • I only have a few employees. Is a 401(k) plan worth it, or should I use a SIMPLE IRA?

    It depends on your goals and budget. A 401(k) offers higher contribution limits and flexibility, while a SIMPLE IRA is easier to administer and costs less to maintain. We’ll review your company’s size, cash flow, and how much you want to save personally to determine the best fit.

  • What does it cost to set up and maintain a 401(k)?

    Plan costs vary, but they’ve become much more affordable in recent years. Most include a one-time setup fee and annual administrative expenses. We help minimize these costs by recommending efficient recordkeepers and low-fee investment options, ensuring transparency every step of the way.

  • Can my business contribute to employee accounts?

    Yes — through employer matching, profit sharing, or both. These contributions are tax-deductible to your business and create meaningful incentives for your employees. We’ll design a formula that fits your goals and keeps your plan competitive within your industry.

  • We already have a 401(k). How can you help improve it?

    We can act as investment advisors for your existing plan, reviewing fund lineups, costs, and participation data to identify opportunities for improvement. We’ll also help educate employees, simplify communication, and ensure the plan meets compliance standards.

  • What’s a cash balance plan, and who should consider one?

    A cash balance plan is a type of defined benefit plan that allows larger contributions for business owners and key employees. It’s best suited for profitable companies or high-income owners looking to accelerate tax-deferred savings. We coordinate the setup with actuaries to make sure it’s structured properly and benefits both the business and participants.