Pension Plan Setup and Administration
Congress has made many changes to Retirement Plans in the past three years. These changes have really benefited the small business. In the past the 401(k) Plan was usually cost prohibtive for the small business. These changes have made the 401(k) one of the hottest Retirement Plans for the small business. The 401(k) allows an individual to contribute $12,000.00 a year on a tax defered basis and the business can contribute up to a maxium of 25% of the individual's wages. The administration cost for these types of plans has been drastically reduced allowing the small business to afford to adopt one of these plans. Should you need help setting up or administering or need more information on which plan would suit your needs, please give us a call.