Plan Design & Consulting

Plan Design & Consulting

Whether you’re looking for a powerful tax-planning vehicle for your business or seeking the best retirement benefits package for your employees, Benetech will consult with you to design the best retirement plan to meet your goals.

A well-designed plan provides a business owner many advantages:

  • Greatly accelerated retirement savings

    Example: A Defined Benefit Plan may allow an owner to accumulate as much as $2.8 million in 10 years.

  • Significantly larger contribution for business owner(s)

    In many cases, a Profit Sharing, 401(k), or Defined Benefit Plan with an employer contribution formula that is age-sensitive can skew as much as 90% or more of company contributions to the owners. This means that the owner often nets more in the current year than he/she would taking the same amount as taxable income.

  • Tax-deferred investment growth

    Once the owner (and other plan participants, if any) retires or the plan is terminated, the owner may roll his assets into an IRA account with no tax implications at that time. The account then would continue to grow tax-deferred.

  • Valuable employee benefit

    Few small employers offer a retirement program, so a plan can serve as an important tool in attracting new employees. A vesting schedule can help retain them.

  • Consulting

    Whether you’re a financial advisor looking for a powerful tax-planning vehicle for your clients, or a business owner seeking the best retirement benefits package for your employees, we will consult with you to design the best plan to meet your or your client’s needs.

    We also re-design and takeover administration services for existing plans – contact us for a quote to takeover your existing plan and find out more about how switching to Benetech can help drive your plan in the right direction

Year-End Data Collection Made Easy