What I Do Best
RETIREMENT PLANS
For Businesses
I'm good at what I do
here to assist
I’ve audited large plan 401K plans for 20+ years and helped those plans stay compliant with ERISA. Those same rules apply to small plans as well. Thus, I can implement both auditor and advisor procedures for your plan. 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. Provide meaningful investment “education” that your employees can understand and implement.
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 with employer contributions optional. No audit for large plans.
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, can include a spouse.
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 plan.
SEP
Simplified Employee Pension only allows for employer contributions. This plan does not allow for additional plans.
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.
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.
Why Teamup with Finanicial Engineering
Get independent fiduciary Retirement Plan Advise
I'm driven
I’ve been an employee, manager, consultant to business owners, and now an independent, solo-advisor that’s seen everyone’s point of view personally.
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.