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“In the Know” Companies are taking advantage of the dynamic changes to the qualified plan landscape. It is unquestionably the best piece of retirement plan legislation for business owners from a contributory, regulatory and fiduciary perspective.
The Super 401K Plan Design combines the most current qualified plan law under the Pension Protection Act to increase annual plan contributions that could easily reach or exceed $225,000 to $500,000.
In addition, when multiple owners are involved and needs such as a buy sell exists, money can be set aside on a tax deductible basis to fund the redemption of stock of a retiring managing partner.
The Super 401K Plan Design is an owner’s plan versus an employee’s plan that provides legal ways to discriminate in favor of owners or key employees. The result is lower taxes, increased deductible contributions and enhanced retirement accounts for owners and key employees.
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