Company retirement plan alternatives
Flexible retirement solutions for your business
Versatile retirement-fund options can be tailored for sole proprietors, small-business owners, and larger enterprises.
Traditional qualifying plans such as 401(k)s and IRAs are not always the most efficient vehicles for business owners. A coordinated review can identify a structure intended to maximize contributions, minimize tax burden, and protect assets.
The programs are based on foundational tax law and federal statutory codes working together to create, expand, and protect a client’s financial position.
Plan types
Types of retirement plans
01
Defined Benefit Plans
Promises a specified monthly benefit at retirement, either as an exact amount or through a formula considering salary and service.
02
Cash Balance Plans
A defined benefit plan that expresses the promised benefit as a stated account balance.
03
Profit Sharing Plans
Accepts discretionary employer contributions, allowing the contribution amount to change from year to year.
04
401(k) Plans
Allows an employee to elect for an employer to contribute part of the employee’s wages to an individual plan account.
Why choose Legacy IMO?
Expert team of CPAs, financial advisors, and tax professionals
IRS-approved strategies based on foundational tax law
Free upfront consultation