Qualified Plan Design, Administration & Consulting
Concierge service for select Owner-Only businesses
Owner-Only businesses…
Employ only owners, partners and/or spouses. Highly profitable owner-only businesses have a few things in common…
- Highly taxed;
- Too busy building a business to focus on retirement savings;
- Would appreciate a predictable annual expense that offsets taxable earnings dollar-for-dollar.
$300,000!
That’s how much a 55 year-old owner with sufficient service & compensation history, can contribute annually to a Cash Balance & §401(k) Combination plan!
Qualified plan contributions offset taxable earnings dollar-for-dollar!
Plan Adoption Deadlines
The deadline for employers to adopt a qualified plan(s) is the due date of the business tax return, including extensions.
| March 15 – September 15 | April 15 – October 15 |
|---|---|
|
S-Corporation Partnership LLC taxed as either |
C-Corporation Sole Proprietorship LLC taxed as either |