Got a 401K plan but rather improve your business vs dealing with 401K responsibilities?
Set it and forget it doesn't really work.
As a CPA, I’ve audited large 401K plans for 20+ years and helped those plans stay compliant with ERISA. Thus, I can implement a plan from the point of view of a CPA auditor and retirement plan advisor. I was an employee once too. I recall looking at my 401K statement thinking there has to be a better way; well there is. Don’t let your employees fall into guessing what’s best when a clear alternative is available. I provide meaningful investment “education” that your employees can understand and implement as well as a “do it for me” method.
Got a 401K plan
However, it might need help to really attract & retain new and valued employees?
HOLDBACK your "valued" employees from leaving and attract whose new employees that everyone else wants too?
At month end, you pay employee bonuses and you start all over again next month. As a CPA, I’ve audited large 401K plans for auto dealers for 20+ years and helped those plans stay compliant with ERISA. Now, I help dealers attract & retain their valued employees. I have specific methods that can be adjusted to fit your unique goals & desires.
TYPES OF RETIREMENT PLANS
401K PLANS
401Ks are the go-to retirement plan that offers employees a way to self-fund their retirement. Employer contributions are optional.
PEP-POOLED EMPLOYER PLANS
New in 2021, like a 401K but limit owner liability and responsibility. Employees self-fund their retirement and employer contributions optional. No audit for large plans. Learn about our pooled employer plan strategies.
SOLO-K PLANS
As the name suggests is best for the sole owner that wants to put away more for retirement than an IRA allows, it can even include a spouse.
Some Plans are better suited for the Employer’s Retirement
403B PLANS
They act much like a 401K plan for non-profits, schools, government & religious type organizations.
PROFIT SHARING PLANS
This allows an employer to make deductible retirement contributions for all employees. It’s best if added as an additional component to a 401K plan.
CASH BALANCE PLAN
A pension-like plan will provide a larger deduction. Contributions for employees’ retirement are calculated yearly.
PENSION PLAN
This plan will cost the most. However, it offers a significant deduction based on employees’ years of creditable service calculated by an actuary. Best for companies with large profits & cash flow.
SEP
Simplified Employee Pension only allows for employer contributions. This plan does not allow for additional plans.
SIMPLE -IRA -401K
Allows for both employer and employee contributions. Limitations apply.
HSA
Health Savings Account – This is not technically a retirement plan, but it acts like one for current & future medical expenses.
ROTH
These can be included in 401K plans or for the individual, limitations apply.
IRA
These are not true “plans” but are a way for individuals to save for retirement with limitations.
THERE ARE A NUMBER OF PLANS TO CHOOSE FROM LET ME GUIDE YOU
I'm driven
I’ve seen everyone’s point of view personally, let’s make it happen!
motivated
Everyone needs results to retire someday. Let’s get you to that comfortable beach chair!
creative
Everyone has a different financial situation. This requires a unique plan to meet everyone’s needs.