Custom 401(k) Plans
A customized 401(k) plan design that provides meaningful retirement benefits to the business owner and their key employees is essential to the ongoing success of a small business 401(k) plan.
We can provide a plan design that favors the key employees of the business by utilizing several different plan design options.
For example:
- Traditional allocations
- Plan allocations integrated at the social security wage base
- Tiered and multi-tiered new-comparability (cross-tested) plan formulas
- Exclusive and proprietary allocation methods that we cannot disclose on the Internet without giving up our Intellectual Property and distinct competitive advantages
We offers all types of qualified retirement plans. The key to making a 401(k) plan the ideal choice for a small business is designing a plan that favors the owners and key employees of the sponsoring employer. Just one example of a custom plan that can be designed is shown below. If you already have a plan, we can re-design it for you, too!
|
|
Age |
Salary |
The competition's 401(k) with Profit Sharing Contribution |
% of Total |
Our Custom 401(k) with Profit Sharing Contribution |
% of Total |
|
Owner |
60 |
$49,000 |
$33,374 |
55 |
$54,500 |
90 |
|
Employee |
54 |
$33,000 |
$7,660 |
13 |
$1,650 |
3 |
|
Employee |
28 |
$31,000 |
$7,196 |
12 |
$1,550 |
3 |
|
Employee |
27 |
$29,000 |
$6,731 |
11 |
$1,450 |
2 |
|
Employee |
26 |
$23,000 |
$5,339 |
9 |
$1,150 |
2 |
|
|
|
$165,000 |
$60,300 |
|
$60,300 |
|
|
Owner’s Share |
|
|
55% |
|
90% |
|
Do you want to know more? Call us today at (800) 680-5596.
Free 401(k) Plan Proposal Request Form