Welcome to the Amira Pharmaceuticals 401(k) Retirement Program

Amira Pharmaceuticals is a small molecule pharmaceutical company focused on the discovery and early development of compounds to treat inflammatory disease. As an integral part of this great company, it's important you have the benefits to match. And now you have a quality, world-class retirement program to help you accumulate the money you're going to need when you're no longer working and the paychecks stop coming. The sooner you begin saving for retirement, the better and easier your retirement will be. And we're here to help you every step of the way!

IRAs and IRA Rollovers

You can’t control tax legislation or social security. But you can control your own savings — the most important part of your retirement income. An Individual Retirement Account, or IRA, is a personal retirement savings plan open to persons under age 70 1/2 who receives taxable compensation during the year, or who have a spouse who does so. Compensation includes wages, salaries, fees, tips, bonuses, commissions, taxable alimony, and separate maintenance payments. Husbands and wives may both open an IRA even if only one person is working. All earnings within the IRA are untaxed until withdrawn. Contributions may be deductible in the tax year made depending on the owner's income tax filing status, adjusted gross income and eligibility to participate in a tax qualified retirement plan through employment.

IRA Rollovers

When you receive a lump sum distribution from an employer retirement plan, a IRA Rollover is the ideal place to put that distribution to prevent penalties and taxation. That distribution may then be transferred into a new employer’s qualified retirement plan, or placed in a bank or brokerage based IRA. Make certain the new employer's plan accept rollover contributions. To be considered a Rollover IRA, the IRA must only be composed of the original distribution and earnings.

Contact WorkInvest to learn more.