WHITE PAPER: NEW FLEXIBILITY IN DEFINED BENEFIT PLANS
We Specialize in Defined Benefit and Cash Balance Plans
Our mutual clients are high income self-employed individuals or small business owners who want strategies to reduce their current tax liabilities. They appreciate advisors who introduce them to these plans and they’re willing to invest significant sums today to increase their retirement wealth.
OnePersonPlus is a traditional defined benefit plan best suited for owner-only and family businesses. Business owners contribute $100,000+ on average each year toward retirement wealth which is tax deferred. In certain situations, they can combine this plan with a OnePerson(k) to increase contributions and flexibility.
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OwnersPlus Retirement Program combines a cash balance defined benefit plan with a safe harbor 401(k)/profit sharing plan. The program allows business owners with a few employees to make large deductible contributions for themselves, up to $200,000 or more while controlling the total cost of employee retirement benefits.
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With lower contribution limits than Defined Benefit plans, this plan is a good option for owner-only or family companies that need the flexibility of making optional contributions each year.
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Advisors who work with us move smoothly through a proven sales process that delivers results for them and their clients.
PRE-SALE
- Understand the DB Opportunity
- Profile Prospects
- Run a Quick Estimate Online
SALES SUPPORT
- Refine Estimate to Match Client’s Objectives
- Get Sales Ideas from DB Sales Consultant
- Present Custom Proposal to the Client and CPA
- Complete PLAN DESIGN Questionnaire with Input from Client & CPA
POST-SALE
- DB Plan Design and Installation
- Open and Fund the Investment Account
- Annual Contribution, Calculation, Reporting and Review
Why Advisors Offer Our Defined Benefit and Cash Balance Plans
Dedicated Defined Benefit Services is completely focused on helping Financial Advisors and CPAs penetrate the highly desirable retirement market with a unique asset-gathering approach and product model. Our innovative turnkey OnePersonPlus Defined Benefit and OwnersPlus Cash Balance programs integrate marketing resources, sales support, and attentive service delivery.
Advisors appreciate:
- A large, steady stream of investment dollars to invest each year of the plan. The average plan term is 8+ years.
- A powerful tax strategy that deepens client relationships
- Open architecture to purchase equities, mutual funds, ETFs, annuities, fixed income or other marketable securities.
- Simplified plan set-up and administration — no special technical needs or skills required. Our defined benefit consultants design customized solutions to fit your client, handle all paperwork related to the plan’s set-up and ongoing government reporting.
Marketing and Sales Resources
OnePersonPlus is designed to be the easiest defined benefit (DB) plan to sell. Great support includes training for you, brochures for your clients, marketing presentations, and a quick way to estimate contributions and tax savings
TYPICAL DEFINED BENEFIT CLIENTS
PRESENT DB PLANS TO MEDICAL PROFESSIONALS