What is the pension plan for a small business?
There are several pension plans that maximize the benefits for small businesses, especially small business owners. Some of the plans used for this purpose are: 412(e)(3) defined benefit plans (once titled the 412(i) defined benefit plan), traditional defined benefit plans, profit sharing plans, and 410(k)'s.
What are the advantages of a small business pension plan?
Many small business owners don't have the resources to provide the matching contributions required for their employees under the criteria of traditional defined benefit plans or 412(e)(3)'s. Other options that can be used are 401(k)'s and profit sharing plans.
All these plans provide the advantage of tax deduction as well as deferred taxation. Certain defined benefit plans also allow for contributions to be heavily skewed in favor of the owner.
- Greater tax savings
- Higher contributions possible
- Faster investment growth
Want to know more?
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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.