How Retirement Plan Sponsors Can Take Their Contributions to The Limit

more+
less-

George Carlin once said that the whole meaning of life is not dying, unfortunately, my favorite comedian died from a bad heart. As an ERISA attorney, I believe that the whole purpose of an employer starting and maintaining a retirement plan is saving for retirement and the more money an employer can put away for their employees is less money for the government to get their hands on. Through careful plan design, an employer can maximize contributions to their highly compensated employees while offering a benefit to their lower paid staff. Poor plan design can be costly to the employer through unnecessary contributions, taxable refunds to highly compensated employees, or inefficient use of plan features. So that’s why it’s important to employers to find third party administrators (TPAs) and ERISA attorneys (cough, cough) to help them navigate through the many different types of retirement plans and plan features. This article is about how plan sponsors can take employer contributions to the limit that puts more money in the pockets of their highly compensated employees and less money in the pockets of government.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

Tax

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ary Rosenbaum, The Rosenbaum Law Firm P.C. | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×
×