Retirement Plans

Types

Defined Benefit Pension Plan
This plan is best suited for established companies with consistent profits.  It benefits companies with key employees age 50 or older.

401(k) Profit Sharing Plan
This plan is best suited for employers that want to minimize employer contributions and encourage employee savings.

401(k) Safe Harbor Plan
This plan is best suited for employers that want to make three percent to four percent contribution, avoid HCE testing and encourage employee savings.

Age-Weighted Profit Sharing Plan
This plan is best suited for companies that want to favor older employees.

Cross-Tested Profit Sharing Plan
This plan is best suited for companies that want to favor particular groups of employees.

Profit Sharing Plan
This plan is best suited for companies with more volatile profits where employee turnover may be a problem.