Types of Qualified Retirement Plans

No matter your business size or industry, our qualified plans will meet your retirement needs and support your business goals

Qualified Retirement Plans

Two types: Defined Contribution Plans & Defined Benefit Plans

The plans must meet requirements of the Internal Revenue Code like minimum coverage, participation, and funding. In exchange, your business receives tax advantages, including:

  • Employer contributions are tax deductible
  • Earnings on investments accumulate tax-deferred, allowing contributions and earnings to compound at a faster rate
  • Employees are not taxed on the contributions and earnings until they receive the funds
  • Employees may make pretax contributions to certain types of plans
  • Ongoing plan expenses are tax deductible
Additional benefits include:
  • Attract, motivate, and retain top-talent employees in a very competitive job market
  • Help employees save for their future since Social Security benefits alone will likely be inadequate for most retirees
  • Qualified plan assets are protected from creditors of the employer and employee

Defined Contribution Plans

  • Profit Sharing Plans
  • 401(k) Plans
  • New Comparability Plans

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Defined Benefit Plans

  • DB/DC Combo Plans
  • Cash Balance Plans

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