Embedding a Cash Balance or Defined Benefit plan alongside a 401(k) can significantly increase annual retirement contributions for business owners. It also introduces coordinated deduction rules that shape how much can be funded each year.
When structured thoughtfully, a combo …
Each year, many business owners reach the same moment. Tax returns are finalized, quarterly payments are made, and a significant check is written to the IRS. For some, that check is substantial. Six figures is not uncommon.
At that point, …
For many business owners, determining how much they can contribute to a 401(k) plan is straightforward. When compensation comes from W-2 wages, the numbers used for retirement plan calculations are clearly defined.
Self-employed individuals often face a more complex situation. …
Retirement plans are often designed at a moment in time. A small team. Predictable costs. Straightforward administration. At that stage, decisions feel manageable. Eligibility rules are simple. Contribution formulas are easy to model. The workforce is stable enough that testing …
For highly profitable, owner-led companies, retirement plans are not just employee benefits. They are powerful tax and cash-flow tools.
Yet many business owners earning seven figures still rely on a basic 401(k) structure that caps their annual contributions far below …
Retirement plans are built on trust. Plan sponsors trust their providers to manage the technical work, keep the plan compliant, and protect participants’ best interests. Advisors trust that the plan is structured correctly …
If retirement plans feel like they come with their own alphabet soup, you are not alone. Business owners are routinely introduced to PEPs, MEPs, DB plans, DC plans, and a long list of other abbreviations with little explanation of what …
Nydia Retirement Solutions announced the successful renewal of its certification from the Centre for Fiduciary Excellence (CEFEX), reaffirming the firm’s adherence to rigorous fiduciary and …
Hiring children into the family business is a common and often smart tax strategy. Many owners bring their teenage children into the company to learn the business, earn income, and …
