How Thrivent Helps Small Businesses Grow, Protect, and Thrive

1. Employee Benefits & Retention

• Thrivent offers group retirement plans (like 401(k), SIMPLE IRA, and SEP IRA) to help attract and retain employees.

• Guidance on disability income insurance and life insurance packages so owners can provide competitive benefits.

• Helps set up financial wellness programs for employees, teaching them how to manage money and plan for the future.

2. Business Continuity & Protection

• Key Person Insurance: Protects the business if a critical employee or owner passes away or becomes disabled.

• Buy-Sell Agreements: Ensures smooth ownership transition if a partner retires, becomes disabled, or dies.

• Succession Planning: Guidance for family-owned businesses to pass the company to the next generation.

3. Growth & Cash Flow Management

• Assistance with tax-efficient strategies for investing business profits.

• Guidance on risk management so business cash flow and investments are protected.

• Customized advice for balancing business growth vs. personal financial goals.

4. Owner & Family Financial Security

• Help business owners separate business wealth from personal wealth.

• Planning for retirement income, college savings, and legacy giving, while still supporting business operations.

• Structuring personal insurance and investments so that the owner’s family is protected even if the business faces challenges.

5. Community Impact

• Thrivent emphasizes values-driven advising, helping small business owners integrate generosity strategies (like charitable giving or community sponsorships) in ways that also provide tax advantages.