What is a 401 a pension plan?
There really is no such thing as a 401(a) pension plan. The 401(a) section of the Internal Revenue code is an umbrella area that covers all qualified plans. It provides the criteria for qualification under ERISA.
Under the 401(a) umbrella, one of the most beneficial plans for small business owners is the 401(e)(3) Defined Benefit Plan, which provides a guaranteed return at retirement, allows the business owner to maximize their contributions, and offers many other advantages.
What are the advantages of 401(a) pension plans?
There are many features under the 401(a) section of the Internal Revenue code that benefit business owners. The major one is that the 401(a) IRS code section establishes rules for what an ERISA plan is, and also specifies that a plan that qualifies as an ERISA plan has the advantage of being free from creditors. Contact us to learn how one of these plans can work for you.
- Greater tax savings
- Higher contributions possible
- Faster investment growth
Want to know more?
Contact us at (866) 903-2526
Email: info@falcoconsulting.com
Bob Falisey has saved hundreds of thousands of taxable dollars for my clients.
- Frank Norris
Enrolled Agent
About Us
Falco Pension and Insurance Services specializes in tax saving programs, pensions, and general financial planning. We are one of the few firms in the country with the ability to create and administer one of these plans.
Our services include creating tax deductible retirement plans, providing life insurance, annuity insurance, health insurance, disability insurance, long term care and critical illness insurance.
We are specialists at developing and implementing investment strategies, and also offer free online seminars, presentations and written material for clients,accounting/tax professionals and brokers. Many of these provde CPE/CE credits for CPA's, EA"s CFP"s, Attorneys, and Insurance Agents.