Benefit Plans Plus has custom designed retirement plans for companies with 1 to 3000+ employees.
Often our plan designs allow for the owner(s) of the company to receive 90% or more of every dollar the company contributes to the plan. In addition, plan designs that result in a negative after tax cost when factoring in the deductibility of company contributions and the tax savings from owner(s) deferring salary through 401(k) salary reduction contributions.
Small Plan Design Results
Our design specialists consulted with a privately held company to redesign their 15 life simple IRA for hidden opportunities. With our assistance we helped the client reposition their plan and save $44,000 net after-tax annually and put $.80 of every dollar back into the three owner’s accounts. Details
Large Plan Design Results
In the case of another actual client with more than 100 employees with a large ownership group we re-designed their plan and improved employer contribution efficiency 10 percent and saved the client more than $189,000 net after-tax annually. Details
If you would like to have Benefit Plans Plus create a custom plan design for your company, please visit Design Process for more information.