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Benefits of a Defined Benefit Plan

Contribution amounts to a defined benefit plan can be higher than in a 401(k) profit sharing plan, allowing you to save more now. The amount your business can contribute and the amount you can accumulate is dependent on many factors. Call us today. We would be happy to draft a display of what contribution amounts might be possible given your situation and goals.

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Defined benefit plans can allow for substantial, tax-deductible contributions, which can lower current taxable income. While we don't provide tax advice, we work closely with your CPA or financial advisor to design a plan that aligns with your objectives.

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Defined benefit plans can be paired with 401(k) profit sharing plans; and often work very well together. Traditional, cash balance, and floor offset defined benefit plans can work alongside a 401(k) profit sharing plan to achieve higher total contributions in many cases. Combined plan limits may apply, and we can help determine what those contribution limits are for your business.  See details about each type of plan here.

Who We Serve

  • Sole proprietors

  • Partnerships

  • Small business owners

  • High earners looking to boost their retirement savings now. Defined benefit plans can help maximize retirement savings during peak earning years.

  • ​Small business owners looking to accelerate retirement savings later in their career. If you've waited to start saving for retirement, defined benefit plans can allow for higher contribution amounts and help you make up for lost time.

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