Types of Plans
Profit Sharing Plan
Company contributions may be determined either by fixed formula or at the decision of the Board of Directors annually. May combine with a 401(k) Plan to allow for a salary-reduction agreement.
Employers' determine a fixed amount to contribute to an account for the benefit of the employees. Contributions are determined by a fixed formula.
Employees choose between receiving current compensation and making pre-tax contributions through a salary-reduction agreement. Employers may also make contributions to employees' accounts.
Safe Harbor 401(k)
Employers' commit to a fixed amount to all employees and in return are not subject to some discrimination tests.
Company is owned by its employees through an Employer Stock Ownership Plan.
Small Employer Plans
Wondering what to do with your qualified employee benefit plan payout?
Retirement planning becomes critical when you become eligible to receive a lump sum distribution from a qualified employee benefit plan. This can occur when you retire, change employers or when the qualified plan you are participating in terminates.
You Retain Control
You have two choices regarding the selection of investments for your portfolio:
Not FDIC Insured, No Bank Guarantee, May Lose Value