YOUR kPlan Benefits
- As a business owner you may be able to defer up to $54,500
- Offering retirement benefits in your business can help you retain quality employees
- Being part of a Multiple Employer Plan allows you to choose from superior investments at a reduced cost
- YOUR kPlan offers professionally managed investment accounts that are usually only available to institutional investors
- The business owner has LIMITED fiduciary responsibility
- Low Cost!!!
The following chart shows how alternative retirement savings options compare to YOUR kPlan.
Plan Type
Total
Maximum Allowable Contributions
Traditional IRA
IRA Catch-up Age 50+
IRA Catch-up Age 50+
$5,000
$1,000
$1,000
$6,000
Simple IRA
Simple IRA Catch-up Age 50+
Simple IRA Catch-up Age 50+
$11,500
$2,500
$2,500
$14,000
YOUR kPlan
401K Deferrals
401K Catch-up
Under Age 50
Employer Contributions
(tax deductible)
Over Age 50
Matching and Profit Sharing
401K Deferrals
401K Catch-up
Under Age 50
Employer Contributions
(tax deductible)
Over Age 50
Matching and Profit Sharing
$16,500
$5,500
$32,500
$49,000
$54,000
Rockwall, TX 75032