Our Services
Single Participant 401(k)
Key Features
- 401(k) program designed for an employer with no employees other than a spouse.
- Employer contribution limits are set in the plan document. Contributions may be discretionary.
- Participant loans are available.
- All contributions must be 100% immediately vested.
Who Can Establish
- Business owners and corporations with no employees other than a spouse. If other employees are hired, the plan will revert to standard plan.
Who contributes: employee and employer
Standard 401(k)
Key Features
- Permits pre-tax salary deferral contributions.
- Complicated discrimination testing and tax reporting.
- Employer matching and profit sharing contributions may be discretionary.
- Participant loans can be made available.
- Vesting schedule on employer contributions is determined by employer.
Who Can Establish
- Self-employed persons, partnerships, corporations and non-profit groups.
Who contributes: employee and employer
Safe harbor 401(k)
Key Features
- Permits pre-tax salary deferrals.
- Eliminates complicated discrimination testing.
- Permits employers to choose either a 3% profit sharing contribution or a 4% match on a 5% deferral.
- Employer contribution must be made each year to maintain Safe Harbor provisions.
- Participant loans can be made available.
- All contributions must be 100% immediately vested.
Who Can Establish
- Self-employed persons, partnerships, corporations and non-profit groups.
Who contributes: employee and employer
Profit Sharing Plans
Key Features
- Profit sharing contribution requirements are set in the plan document.
- Contributions may be discretionary.
- Employers may add a 401(k) salary-deferral feature.
- Participant loans can be made available.
- Vesting schedule is determined by employer.
Who Can Establish
- Self-employed persons, partnerships, corporations and non-profit groups.
Who contributes: employee and employer
Age Weighted and New Comparability
Profit Sharing Plans
Key Features
- Age weighted formula is determined by the salary range and age of employee.
- New comparability formula groups employees into categories and then bases the formula on each group as governed by nondiscrimination regulations.
- Profit sharing contribution requirements are set in the plan document.
- Contributions may be discretionary.
- Employers may add a 401(k) salary-deferral feature.
- Participant loans are available.
- Vesting schedule is determined by employer.
Who Can Establish
- Self-employed persons, partnerships, corporations and non-profit groups.
Who contributes: employer
Super Comparability 401(k)
Key Features
- Super Comparability 401(k) incorporates the features of a New Comparability Plan with 401(k) Safe Harbor provisions.
- Safe Harbor 401(k) permits employers to choose either a 3% profit sharing contribution or a 4% match on a 5% deferral.
- Employer contribution must be made each year to maintain Safe Harbor provisions.
- No 401(k)-type discrimination testing.
- Participant loans can be made available.
- All Safe Harbor contributions are 100% immediately vested.
Who Can Establish
- Self-employed persons, partnerships, corporations and non-profit groups.