PROFIT SHARE PLANS
Our Profit share plans have the following features that
make our plans truly unique and industry leading:
- Customized Investment Policy Statement (IPS) that
defines the investment strategies utilized in the plan
and forms the documentation required to support your
fiduciary investment decisions.
- Diversified investment portfolio choices with long
term industry leading performance records for your participants
so that your participants can all chose proper investments
based on their risk tolerance.
- Institutional Fund choices that have investment costs
that average only .40% or 40 basis points of cost or
less for each diversified portfolio.
- Full unbundled fee disclosure from fee-only CFP advisors
that receive no compensation from any providers of the
plan.
- Industry leading 3rd Party Administrators for insuring
the plan is compliant with all requirements and that
your participants receive top service.
- Advisors that design and implement a plan that is
best for you as a plan sponsor and that is best for
your plan participants thus insuring that you meet all
your fiduciary duties.
(click here for a plan proposal)
Plan sponsors should not be fooled by low cost offers
for Profit share plans that may place you in ERISA liability
risk because the plan does not meet your fiduciary responsibilities.
Many bundled plan offers show below market administration
fees, which are more than made up for with high investment
costs or other hidden fees and expenses. These offers
place you in a fiduciary breach for not managing the costs
of the plan for your participants.
Let us help you find the best retirement plan:
(click here for more information)
The IRS imposes several Profit share contribution limit
guidelines on the amount that can be contributed to your
plans in a year. Profit share plans allow you to make
annual pre-tax contributions of up to $15,500 (in 2007).
Those 50 and older can make pre-tax contributions of $20,500.
Profit Sharing/Employer match can increase tax-deferred
contributions up to $45,000 ($45,000 for those 50 and
older). |
