Why should I consider retirement plans for my clients?
Can my client start a retirement plan?
What clients benefit?
What retirement plan is right for my client?
What’s the difference between a Defined Benefit Plan and a 401(k) Plan?
What’s the difference between a Defined Benefit Plan and a Cash Balance Plan?
How much does it cost to set up a plan and maintain it each year?
Why use us?
Why should I consider retirement plans for my clients?
Help your clients to accumulate significant amounts of taxed deferred income.
Large current tax deductions.
More opportunities to get in front of your clients.
Allows you to show that you are providing leading edge financial solutions.
Can my client start a retirement plan?
If your client has a business that generates Earned Income, they can establish a retirement plan.
What clients benefit?
- Financial Advisors
- Trade or Construction Contractors
- Authors
- Performers
- Side Business
- Software Engineer
- Independent Contractors
- Board Members
What retirement plan is right for my client?
The type of plan your client needs depends on many factors, but the primary determinant is the size of the contribution they wish to make. If they want to contribute less than $50,000, you should establish a 401(k) Profit Sharing Plan. If they want to contribute more than $50,000, you should establish a Cash Balance Plan.
What’s the difference between a Defined Benefit Plan and a 401(k) Plan?
A 401(k) Profit Sharing Plan is a type of Defined Contribution plan. Benefits from a 401(k) Profit Sharing Plan are not guaranteed. The participant is entitled to the value of his/her account balance at any time, which is subject to market gains and losses. Contributions to a Defined Contribution Plan are limited when they are made. The current maximum contribution limit for a DC plan is approximately $55,000, depending on your age and income level.
A Defined Benefit plan is a plan that provides a guaranteed benefit payable as an annuity for the life of the participant, or the participant’s beneficiary. The contribution amounts for a Defined Benefit Plan are the amounts necessary to provide the guaranteed benefits and determined by an Actuary.
What’s the difference between a Defined Benefit Plan and a Cash Balance Plan?
The Plan TPA helps the employer administer the Plan and is responsible for making sure that the stays compliant with IRS and DOL rules.
All Defined Benefit Plans (including Cash Balance) are subject to minimum funding requirements. The Actuary is responsible for determining the minimum funding requirement and certifying the plan’s funding status.
How much does it cost to set up a plan and maintain it each year?
We charge a flat fee to set up and administer plans. Click here to request a fee quote.
Why use us?
You are working directly with the Actuary.
Your questions will be answered on the first try.
The plan design and implementation will move ahead quickly.
No information will be lost in translation because all communication is direct with the Actuary.
We focus on the small plan.
Most of our plans are less than 10 participants. Over half of our plans are owner only and owner with spouse plans.
You are not competing for our attention with large company 401(k) plans with hundreds or thousands of participants, or , health savings plans, payroll services, etc.
We do one thing and do it well.
We give our clients the attention they deserve.
We charge reasonable and simple-to-understand flat fees for our services.
Our focus on small plans allows us to avoid the costly overhead that is necessary for large plan administration.
We do not have a complicated and expensive marketing structure to support.
We integrate seamlessly with your other financial professionals.
We don’t do accounting work.
We don’t give financial advice or sale securities of any kind.
We don’t compete with other professionals, we complement them.
