 |
||||||||
|
|
|||||||
|
Situation: Growing business with 10% money purchase and 15% profit sharing plans - annual cont. at $200k with $60k for 2 keys ($30k each). Solution: Contribution reduced from $200k to $100k with $60k still for owners - plus new plan with $100k contribution of which $90k for owners. Plan Type: New Comparability Profit Sharing and Defined Benefit Floor Offset.
|
Design Strategies
|
||||||
|
|
Information is provided for review and consideration only. Please consult legal and tax advisors for practical advice pertaining to your business and personal situations. This page was last updated on Wednesday, January 02, 2008 11:23 AM |
|
||||||
|
||||||||
