Set Up Your Clients’ Cross-Tested Plans Before Year-End

Help Your More Highly Compensated And/Or Older Clients Maximize Savings on Taxes AND For Retirement

Cross-tested plans offer the ability to create multiple benefit levels within a retirement plan to meet the overall needs of an organization. This can be an important consideration when a plan seeks to allow the business owner to allocate a higher contribution rate to the owner and other highly compensated employees, while still providing a benefit to the rest of the employees. Doing so enables older workers to stay on track for retirement by allowing higher contribution amounts for older/HCE without affecting rates contributed to other employees.

Here’s an example of how it works:   Read More  »