Plans For Business Owners

Many business owners have a significant share of their assets invested in their business. Protecting and Leveraging that asset requires detailed planning and execution and is critical to their financial success. We have experience establishing and overseeing a variety of qualified retirement plans and non-qualified deferred compensation plans.

Simple and SEP IRA Plans

These very different retirement investment options are flexible enough to accommodate businesses of all sizes. Let us help you pick the best option for your circumstance.

Comparing the Plans

SEP-IRA Simple IRA
Taxes Deferred Deferred
Contributor Employer Only Both Employees and Employers
Yearly Contribution Limits $57,000 or 25% of an employee’s salary (whichever is less) $13,500 ($3,000 catch-up limit)
Good For Less Than 100 Employees Any Size Business

401(k) Plan Creation and Management

This extremely popular pre-tax option now has a contribution limit of $19,500 as of 2020. Also, employers can set length-of-service requirements on employees to encourage long-term employment at their company. We’ll cover all this information and more during an initial consultation, so give us a call to get started.

Qualified and Non-Qualified Executive Benefit Plans

An ERISA qualified or non-qualified plan is a strategic tool for attracting and retaining key talent for a business. With qualified plans, employers can deduct their contributions come tax time while contributions are tax-deferred for the employee. Conversely, non-qualified plans function similar to IRAs, only allowing for after-tax dollars to fund the plan.

Learn how we can help select a retirement plan that works for your business.