Plan Design
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We build retirement plans to meet the unique goals of each employer. Whether the objective is employee recruitment and retention or maximizing benefits for key employees, we have the expertise to design the best plan for you. |
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RECRUITMENT & RETENTION
Retirement plans are a great tool for improving employee recruitment and retention. Good choices include 401(k) Plans, Safe Harbor 401(k) Plans, and Profit Sharing Plans. With the right mix of features, these plans can be designed to provide a great employee benefit while keeping employee funding costs to a minimum.
MAXIMIZING CONTRIBUTIONS FOR KEY EMPLOYEES
Plans can also be designed to maximize contributions for key employees. Options for this objective include Safe Harbor 401(k) Plans, New Comparability Plans, and Defined Benefit Plans.
Safe Harbor 401(k) Plans. These plans allow highly compensated employees to contribute the maximum salary deferrals ($16,500 for 2009) without the risk of corrective refunds due to the plan failing the ADP Test or ACP Test. Safe Harbor 401(k) Plans automatically satisfy these tests. New Comparability Plans. New Comparability Plans are a good alternative for companies wishing to retain some discretion in funding contributions while maximizing contributions for owners or highly compensated employees (up to $49,000 during 2009). |
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