Key Advantages of OwnersPlus Cash Balance +401(k) Plans

• Owners potentially can contribute three or four times what they can to other plans
• Contributions are deductible business expenses generally saving the owner tens of thousands of dollars in annual taxes
• Partners can receive different contribution amounts
• Owner can set different “classes” and contribution levels for employee groups which provides for more flexibility in allocating employee benefits
• Contributions on behalf of employees are limited and established during plan design. However, changes in personnel will impact required contributions.
• Investments grow tax deferred, building wealth faster
• At retirement (or at plan termination), assets in both the Cash Balance and the 401(k) plans are rolled into IRAs and continue to grow tax-deferred until withdrawn
• Clients and their advisors can choose any equities, mutual funds, bonds, annuities or other marketable securities to fund their plans
• Turnkey administration by Specialists who design plans tailored to meet each business owner’s objectives and handle all paperwork related to plan set-up and ongoing government compliance and reporting.

Learn more about Plan Design