The design corner provides an opportunity to review the advantages and disadvantages of qualified and nonqualified retirement plans, as well as the ability to review a summary of plans and profit sharing allocation formulas.
If you are looking to maximize plan contributions for a specific group of employees, the New Comparability Plan may be your plan of choice.
Owners and partners looking for larger tax deductions and accelerated retirement savings should take a look at a Cash Balance Plan. A Cash Balance plan will allow contributions in excess of the $53,000 to $59,000 allowed under New Comparability Plans.
Request a Proposal
Plan Design is the building block of Retirement Planning. Let us Design a Plan specifically tailored to meet your Goals and Objectives. Please call 800-619-6306 and choose option 1 to discuss a plan design.
An “Owners Only” 401(k) Plan and an “Owners Only” Defined Benefit Pension Plan, provide tax planning opportunities based on the owner’s age, income, and need to shelter income