TRAKTION
PENSION LLC
What We Offer
Traktion Pension LLC is dedicated to providing expert pension plan design and administration services for sole proprietors and small businesses. We specialize in plan design and plan administration, offering comprehensive support. We seamlessly work with your cpa and other advisors to meet all your pension needs.
Plan Design
Custom plan design tailored to your specific situation. We'd be happy to discuss your goals and design a display to show you what contribution amounts might look like. Please give us a call.
Plan Administration
Full-service administration, such as annual reports and drafting of IRS required filings, helps you to focus on what you do best, your business!
Plan Termination
Once you are ready to wind the plan down, we are here to help with the process for a smooth transition.
Plan Types
All defined benefit plans, including cash balance and floor offset, can boost your retirement savings by often having higher contribution limits when compared to a 401(k) profit sharing plan. If your business already has a 401(k) profit sharing plan, you can often add a defined benefit plan to work alongside the existing plan. Combined plan limits may apply, and we can help determine what those limits are for your business.
Traditional Plan
The traditional defined benefit plan can be a great option if you are a sole proprietor or single member LLC.
Cash Balance Plan
Often the mvp of the db plan scene, these plans look like a 401(k) profit sharing plan where the participant has a hypothetical account balance that grows with guaranteed contribution and interest credits.
Floor Offset Plan
This type of defined benefit plan can be a standout in certain situations. If you already have a 401(k) profit sharing plan where your employees receive profit sharing contributions, adding a floor offset defined benefit plan can be a win-win.