I opened a OnePersonPlus Defined Benefit plan and put away $150,000 last year and another $120,000 this year and it’s all a deduction. I figure at least 30% of it is a gift from the IRS.* LEARN MORE ABOUT ONEPERSONPLUS MORE CLIENT PROFILES
A Defined Benefit plan for high income clients and family businesses
OnePersonPlus is a traditional Defined Benefit plan designed to meet the tax savings and retirement income needs of individuals with high self-employment income and owner-only or family businesses. These plans provide large tax-deductible contributions averaging $100,000+ annually.
Learn more > See typical client solutions >OnePersonPlus Defined Benefit Plan Allows the Largest Contribution
High income earners 50 or older may be eligible to contribute to a OnePersonPlus 2 to 3 times the amount they might otherwise contribute to a SEP or 401(k).
Quick Eligibility Checklist for a OnePersonPlus Defined Benefit Plan
RETIREMENT PLAN SAVING LIMITS *
For a Client Age 52 Earning $360,000 
2026 plan maximum contribution limits for a 52 year-old, including “catch-up” contributions of $4,000 for SIMPLE IRA, $8,000 for 401(k). In addition to the information contained in the example provided, approximations are based on a 5.5% nominal investment growth rate. Number of years of savings equals retirement age minus current age in whole number of years. This assumes no loans or withdrawals are taken throughout the current age to retirement age.
If the plan beneficiary is between age 60-63, as of 2026, they may be eligible to contribute an additional $5,250 to their 401(k) as part of the SECURE 2.0 super catchup provision.
OnePersonPlus has the potential to be a powerful retirement plan solution for people who are:
- Earning $100,000 or more annually in one of these ways
- As primary income for an owner-only business or owner plus spouse or other family member
- Has a second occupation or source of income in which individual works for himself or herself
- Is considered an independent contractor rather than an employee
- Interested in making larger contributions than allowed in a SEP-IRA or 401(k)
- Likely to have cash flow to make contributions for 3-5 years or longer *
* 10-year permanency requirement applies unless there’s a valid business reason when terminating prior to 10 years. Please consult with your tax advisor regarding your individual situation.
The OwnersPlus Cash Balance Program gives me an extra $200,000 to invest and gives my employees a boost too.* LEARN MORE ABOUT OWNERSPLUS MORE CLIENT PROFILES
We increased our W-2 income to max out our retirement savings. With a OnePersonPlus defined benefit and a 401(k), we’ll add $500,000 each year for the next 5 years.* LEARN MORE ABOUT OnePersonPlus MORE CLIENT PROFILES
As a realtor, my income is never the same from year to year. With a OnePerson (k), I save about $50,000 in good years but I don’t have to do anything when business is slow.* LEARN MORE ABOUT OnePerson (k) MORE CLIENT PROFILES
We’re four partners with vastly different needs – our Cash Balance plan is customized to fit us.* LEARN MORE ABOUT OWNERSPLUS MORE CLIENT PROFILES
Key Advantages of OnePersonPlus Defined Benefit Plan
- Allows the highest contributions to a qualified plan – $100,000 or more and as much as 100% of compensation, depending on a number of factors
- Contributions are fully tax deductible – saving huge amounts in taxes
- Investments grow tax-deferred building wealth faster than a taxable investment
- Clients and their advisors may invest plan contributions in marketable securities, such as stocks, bonds, ETFs, mutual funds, and annuities, they choose
- Reduces adjusted gross income making itemized deductions and personal exemptions worth even more
- Tax-free rollover to an IRA with in-service distribution, at retirement or plan termination.
OCCUPATIONS THAT MIGHT QUALIFY
Getting Started
2
Talk to Dedicated DB consultant to adjust plan to meet client objectives
3
Complete questionnaire and send payment
4
Sign plan documents
5
Open investment account
Key Dates
Defined Benefit plans should be opened by December 31 and at the latest by the business’ tax filing deadline including extensions for the plan year.
Contributions are not required until the tax filing deadline with extensions but no later than 8½ months after the end of the fiscal / plan year.