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515 Houston Street
Suite 651
Fort Worth, TX 76102

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Derek J. Moffatt, AWMA

(682) 747-0134

 

Retirement Plans

There are numerous choices when selecting the best retirement plan for your business. Following is an overview of four of the most frequently used plans, but this is by no means an exhaustive list. We offer access to a broad array of options, and if one of the following is not right for you, your financial consultant will work with you to find the one that is.

SEP IRA

A simple and relatively inexpensive way for sole proprietors and smaller businesses to offer a retirement plan. There are no mandatory or minimum contributions, and funding is provided by the employer only. If you have employees, you may be required to contribute for them as well. As the business owner you can deduct contributions from your company’s federal taxable income.

SIMPLE IRA

This plan offers minimal costs and administration. Simple IRAs are funded by employee and mandatory employer contributions. Employers have a choice of matching dollar-for-dollar up to the first 3% of employee pre-tax contributions or matching 2% of compensation to all eligible employees. Works well for companies with 25 or fewer employees. As the business owner you can deduct employer contributions from your company’s federal taxable income.

SOLO 401(k)

The Solo 401(k) may be good option for the small business owner, with no employees, who is looking for an inexpensive way to save more money than most other retirement plans allow. You can contribute using a combination of salary deferrals and profit sharing with no mandatory or minimum contributions. Spouses and equal business partners are also eligible to participate. You may choose to allow a Roth 401(k) salary deferral within the plan. As a business owner you can deduct contributions for yourself and your partner from your company’s federal taxable income.

 

401(k)

The 401(k) is the most commonly used employer-sponsored retirement plan, becoming increasingly affordable and more widely used by businesses of all sizes. It is a flexible plan offering the highest level of employee pre-tax contributions, a wide range of employer contribution options and an optional loan provision. It works well for companies with 10 or more employees who want to start a new plan or transfer an existing plan. Employers may choose to allow Roth 401(k) salary deferrals within their plan. As the business owner you can deduct employer contributions from your company’s federal taxable income.

ADDITIONAL RETIREMENT PLANS WE OFFER

  • Defined benefit 403(b)
  • 457 profit-sharing plan
  • Cash balance
  • Non Qualified Deferred Compensation (NQDC)
  • Employee Stock Ownership Plan (ESOP)*

* Restrictions, limitations, and additional fees may apply.