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Plan Options

If your firm already has a retirement plan in place, we welcome the opportunity to discuss whether our 401k platform, or our separately managed accounts for all other plan types, can be of help to you and your employees.

If your firm has not yet committed to a particular retirement arrangement, we are a resource you can tap to discuss your options. There are positives and negatives to each plan type. Some key facets are presented in the chart below.

SEP SIMPLE Profit
Sharing
Plan
401k Safe
Harbor
Maximum employee contribution
through age 49
Not allowed $12,000 Not applicable $17,500 $17,500
Maximum employee contribution
from age 50 on up
Not allowed $14,500 Not applicable $23,000 $23,000
Maximum employer contribution
through age 49
$51,000 $24,000 $51,000 $51,000 $51,000
Maximum employer contribution
from age 50 on up
$51,000 $29,000 $51,000 $56,500 $56,500
Other maximum that
supersedes the above
25% of compensation Employer can
match up to
3% of compensation
Firm may not
deduct more
than 25% of
total payroll
100% of
employee deferrals
Employer can
match 3% of
compensation
plus half of
next 2% of comp.
Are employer
contributions required?
No Yes No No Yes
Administration Practically none:
basically an IRA
for the owner
Minimal:
akin to a series
of IRA accounts
IRS form 5500
required plus record
keeping for vesting
and other items
IRS form 5500
required plus record
keeping for vesting
and other items
IRS form 5500
required plus record
keeping for vesting
and other items

Importantly, when we assist firms with their retirement plans, we gladly offer ourselves to all participants for help outside the retirement arena.  We can provide a second opinion on investments held elsewhere, calculate savings needed to meet specific goals, offer counsel on tax efficiency, determine the efficacy of refinancing a loans, etc.

If it involves finance, we are available to serve your employees.

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