Plan Types

Matching features with needs and goals

A client can optimize tax and savings potential if they’re matched to a plan that anticipates their needs and goals. We’ll take the time to help understand each client’s unique situation and design a plan with you that fits them best.

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Plan Type/Typical Client

SOLO 401(k) Plan

For Owner-Only Business, including Sole Proprietors, Partnerships with Multiple Owners, and Other Business Entities with No Non-Owner Employees.
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401k Plan

A basic retirement benefit for employees. Owners and highly compensated employee contributions may be limited if low employee participation.
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Safe Harbor 401k

Great plan for owners and highly compensated employees wanting to maximize contributions and avoid refunds from a failed testing.
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403b

A plan designed for non-profit organizations that works much like a 401(k) plan.
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Profit Sharing Plan

Employers make tax-deductible contributions for employees. Can be a stand-alone plan or combined with 401k.
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New Comparability

Targeted contributions to owners, highly compensated employees, or select employee groups. Can be a stand-alone plan design or combined with 401k.
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Cash Balance

A hybrid plan design often adopted by employers and business owners seeking to fund much higher contributions than allowed in 401(k) and Profit Sharing Plans.
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Defined Benefit

Allows business owners to fund much higher contributions than allowed in 401(k) and Profit Sharing Plans. While Cash Balance Plans have become the plan of choice for many companies, Defined Benefit Plans may still be a good option.
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Features and Benefits

• Larger Contributions than SIMPLE Plans
• Spouses Can Participate
• Loans Allowed
• Pre-Tax or Roth Contributions
• Can Be Paired with a Cash Balance Plan
• Pre-tax or Roth Contributions
• Discretionary Employer Contributions
• Up to 1 Year Eligibility
• Auto Enrollment Option
• Vesting Schedules
• Same as Traditional 401k
• Not Subject to ADP Testing
• Requires Fully-Vested Employer Contributions
• 3% Profit Sharing Contribution, or
• 4% Matching Contribution
• Pre-tax or Roth Contributions
• Match and Non-Elective Employer Contributions
• Auto Enrollment Option
• Vesting Schedules
• Discretionary Employer Contributions
• Vesting Schedules
• Low Setup / Administration Costs
• Up to 2 Year Eligibility for Stand-Alone Plans
• Type of Profit-Sharing Plan
• Maximizes Contributions for Owners / HCEs
• Contributions Targeted to Specified Employees
• Reduce Funding Costs for Employees
• Much Larger Contributions
• Up to $230,000 Annual Benefit
• Often Paired with 401k Plan / Profit Sharing
• A Hybrid Plan Design
• Funding Limits Similar to Cash Balance
• Guaranteed Retirement Benefit for Employees
• Employer Bears Funding Liability for Benefit
• Employer Bears Risk for Investment Losses

Contribution Limits

• $58,000
• $64,500 if Age 50
• 25% Tax Deduction Limit
• $19,500 Salary Deferral Limit
• $6,500 Catch-Up Contribution if Age 50
• Total Contributions of $58,000
• Total Contributions of $64,500 if Age 50
• 25% Tax Deduction Limit
• $19,500 Salary Deferral Limit
• $6,500 Catch-Up Contribution if Age 50
• Total Contributions of $58,000
• Total Contributions of $64,500 if Age 50
• 25% Tax Deduction Limit
• $19,500 Salary Deferral Limit
• $6,500 Catch-Up Contribution if Age 50
• Total Contributions of $58,000
• Total Contributions of $64,500 if Age 50
• 25% Tax Deduction Limit
• $58,000
• 25% Tax Deduction Limit
• Higher if part of a 401(k) plan
• $58,000
• 25% Tax Deduction Limit
• Higher if part of a 401(k) plan
• $230,000 Annual Benefit
• $230,000 Annual Benefit