Warning: gethostbyaddr(): Address is not a valid IPv4 or IPv6 address in /nfs/c06/h03/mnt/185669/domains/skylinefinancialnw.com/html/wp-content/plugins/wp-bots-analytics/wp-bots-analytics.php on line 1000

How much do you want to save?

Bring balance to your 401(k) plan

The more generous the benefit you provide, the greater your ability to save will be. As you build a retirement plan you will weigh being generous to yourself and your employees, with company cash flows.

 

 

SIMPLE IRA

Ability to save $12,500 plus 3% match. But the match is mandatory. 

 

 

401(k)

Ability to save $18,000. But the owner's contribution is tied to their employees.

 

 

401(k) + Matching

Ability to save $18,000 plus match. But increases the cost of the plan because of the employee match. 

  

401(k) + Matching & Profit Sharing

Ability to save $54,000 with match & profit sharing. But there are additional costs due to the profit share. 

 

 

 

SIMPLE IRA

Ability to save $12,500 plus 3% match. But the match is mandatory. 

 

 

 

401(k)

Ability to save $18,000. But the owner's contribution is tied to their employees.

  

 

401(k) + Matching

Ability to save $18,000 plus match. But increases the cost of the plan because of the employee match. 

 

  

401(k) + Matching & Profit Sharing

Ability to save $54,000 with match & profit sharing. But there are additional costs due to the profit share. 

When we talk to business owners, we begin the conversation by asking them, what do you need this retirement plan to do? Typically, we see owners seek to balance providing a quality benefit to their employees with their own need for tax efficient savings. We can help you understand all of the nuances available while tailor-fitting a retirement plan. Moreover, we are available to consult with business owners each new year, altering their 401(k) plan if necessary based on cash flow projections.

SIMPLE IRA

SIMPLE IRAs, as their name entails, are an easy benefit solution for small businesses. They allow for additional retirement savings, however, there are also fairly strict rules surrounding participation. They are fast, but rigid and may not scale with a growing business.

SEP IRA

SEP IRAs, like SIMPLE IRAS, are fairly straight forward to implement, while allowing for higher contribution limits. However, while a SEP IRA gives the employer the ability to make contributions discretionary, they also bear responsibility for all contributions.

401(k)

Think of a 401(k) plan like a pack wherein you can strap on more or less gear depending upon the trip. There are thousands of ways to configure a 401(k) and they allow for massive amounts of tax advantaged savings. We can help make savings via 401(k) simple and affordable.