Understanding Defined Benefit Plans
OnePersonPlus is a defined benefit pension plan designed specifically to meet the tax savings and retirement income needs of people who are:
- 40+ years of age. In general, the older you are, the more you can save each year.
- Earning $75,000 or more annually. Depending on your age, you may be able to contribute as much as 80% or more to a DB plan.
- Able to contribute a significant amount of earned income for 3 years or longer
- Sole proprietor, LLC, s-corp or C-corporation
Dedicated Defined Benefit Services LLC specializes in simplifying the set up and ongoing administration of defined benefit plans for small business owners.
A OnePersonPlus defined benefit plan is designed to meet your specific retirement savings objectives. Think a OnePersonPlus might be right for you? Learn more about how we can work with you.
Your personal consultant at Dedicated DB will work with you each year to make sure your plan continues to meet your needs as they change over time. Find out how we support you .