Whether you are a sole proprietor, partnership or a corporation, there are several types of qualified retirement plans that can meet your needs. A retirement plan can serve many purposes, from tax sheltering income to attracting and retaining employees.
Here is general information about the most popular types of retirement programs. Our consultants will help you choose the plan that is best for you.
Qualified Retirement Plans
A qualified plan must meet a certain set of requirements set forth in the Internal Revenue Code such as minimum coverage, participation, vesting and funding requirements. In return, the IRS provides tax advantages to encourage businesses to establish retirement plans including:
+ Tax advantages
In addition, sponsoring a qualified retirement plan offers the following advantages:
+ Advantages of offering a retirement plan
Defined Contribution Plans
DEFINED Benefit Plans
“We have used Planned Retirement Consultants & Administrators for 20 years now. Their work is impeccable, and they are always there for us. Our plan was picked for an audit by the IRS and we came through without owing any money or being cited for any problems at all. Go with PRCA.”
