The right retirement plan is one of the most powerful tools a growing business has — for attracting talent, rewarding loyalty, and reducing tax liability. We bring focus and clear thinking to the complexity, helping you select the right structure and keep it running cleanly year after year.
401(k) Plan
A 401(k) plan is a cash or deferred arrangement (CODA) through which employees may defer up to the annual dollar limit. Employee contributions may be pre-tax traditional or after-tax Roth. Employers may add a matching or non-elective contribution.
Employee salary deferrals; employer may match or contribute non-electively.
403(b) Plan
A 403(b) plan is similar to a 401(k) but available only to employees of public schools, certain non-profit organizations, and self-employed ministers.
Employee salary deferrals; employers may also contribute depending on plan design.
Profit-Sharing Plan
Contributions are discretionary — no set required amount, and profits are not even required to make contributions. If contributions are made, the plan must have a set formula for allocating amounts to each employee's account.
Employer contributions only.
Defined Benefit Plan
Defined benefit plans provide a fixed, pre-established benefit for employees at retirement. Employers can generally contribute and deduct more each year than under defined contribution plans.
Generally the employer; employee contributions sometimes required or voluntary.
Cash Balance Plan
A cash balance plan is a defined benefit plan that defines the promised benefit in terms of a stated account balance. Each year a participant's account is credited with a "pay credit" and an "interest credit." The employer bears all investment risk.
Generally the employer; participation does not depend on employee contributions.