Retirement Plans: Defined Contribution Plans

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Product Details

Retirement Plans: Defined Contribution Plans (Click to enlarge image) Defined Contribution Plans define the contribution a participant receives under the plan. The employer contributions are allocated to individual accounts maintained for each participant within the plan. Each participant bears the investment risk in this plan.

Traditional 401(k) Plans
A 401(k) plan which enables employees to make contributions to the plan before taxes or after-tax (Roth)

Profit Sharing Plans
Profit Sharing Plans enable an employer to make discretionary contributions in a way that is tailored to the individual organization’s objectives.

403(b) Plan
403(b) plans are sponsored by not-for-profit and educational institutions and operate in an almost identical manner to 401(k) plans. They have some unique features that make them very attractive to qualifying organizations.

401(k) Safe Harbor Plans
A 401(k) Safe Harbor Plan is similar to the traditional 401(k) plan. The employer is required to make a fully vested matching or employer safe harbor contribution.

Cross-tested / New Comparability
A Cross-Tested/New Comparability Plan is a type of profit sharing plan which allows the employer to maximize the contribution to selected employees while having the plan remain in compliance with IRS regulations.

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