The small business defined benefit (DB) plan is an IRS-approved qualified retirement plan that allows independent professionals and consultants, individuals with self-employment income, and small business owners to make large annual tax-deferred contributions and accumulate as much as $2 Million in just 10 years. In many cases our customized approach will allow 90% of the contributions to go to you, the owner.

Is a Defined Benefit Plan Right For You?

If you’re a sole proprietor, LLC or corporation with 0-25 employees, you may potentially qualify for a tax deduction of $100,000 or more each year against your business income. Our experienced team and 40+ year enrolled pension actuaries design custom retirement plans specifically to meet the tax savings and retirement income needs of people who are:

• Interested in contributing more than $50,000 annually to their retirement or a higher percent of compensation than allowed in a 401(k) or SEP
• Interested in contributing more than $50,000 annually to their retirement or a higher percent of compensation than allowed in a 401(k) or SEP
• Able to make that contribution for at least the next 3-5 years
• Earning at least $100,000 annually

Typical plan owners include:

• Employees who also receive self-employment income from a side business
• Independent contractors, consultants, professionals and sales reps
• Business owners with up to twenty-five employees
• Self-employed spouses of high income earners

Advantages of Defined Benefit Plans

• Highest allowable contributions to a qualified plan — $100,000 – $400,000
• Assets are creditor protected under ERISA
• Reduces adjusted gross income making itemized deductions and personal exemptions worth even more
• Build Employee loyalty
• Huge annual tax savings
• Investments grow tax-deferred building wealth faster than a taxable investment