Go back to Email ArchiveGo to bat for your clients with Defined Benefit plans
18th Sep 2024
The baseball season is in full swing—how well do you know your batters?
You can attract millions in investable assets by targeting the right clients. What attributes do these clients need to have to get a home run and qualify for a Defined Benefit plan?
Batter Profile
- Age 35+
- Income $100K + Earned Income
- 1-5 person business
A Single
Client likes big tax savings
Wants large contributions for self and small contributions for employees
A Double
Cash flow supports 3-5 years of contributions.
Defined benefit plans require annual contributions. If your client expects fluctuations in earned income consider combining the OnePersonPlus with a one person 401(k). The 401(k) can be funded in the higher income years.
A Triple
Has majority ownership of a single company
If a client owns more than one business, all employees in those businesses need to be covered. A Cash Balance plan may be a better solution
Home Run!
Client clears all bases, $1,000,000 for you to invest
Contact our defined benefit specialists.
We can create custom proposals and design plans to fit your client’s situation.
Call us toll free at: 1-866-269-2706 or email us at dbplans@dedicated-db.com.
Best regards,
Raymond Lee
Director of Sales | Dedicated Defined Benefit Services, part of FuturePlan by Ascensus
E raymond.lee@dedicated-db.com
P (866) 269-2706
www.dedicated-db.com
