| Easy to set up and operate.
These plans are easy to set up and operate. Our trained consultants guide you
every step of the way. |
| Rapid asset accumulation.
Contributions are generally much higher than 401(k) contributions – up to
$150,000 or more each year. Asset accumulation can exceed $2 million at
retirement. |
| Contribute more by adding a SOLO 401(k) Plan.
Our SoloDBk
plan is a SoloDB plan combined with a SOLO 401(k) Plan. This allows
participants to make additional contributions through 401(k) deferrals (in some
cases up to $18,000 in 2005).
|
| Tax Savings.
Get immediate tax savings. Contributions are tax deductible, and all growth is
tax-deferred. |
| Creditor protection.
Assets in a SoloDB plan enjoy ERISA protection.
|
| Access to your money.
You can borrow from the plan, and the loan is tax-free as long as it is paid
back timely. |
| Flexible investment options.
You and your financial consultant choose the investment strategy that is right
for you. |
| IRS approved documents.
You can use our
prototype plan documents
that have been pre-approved by the IRS. |
How
much does it cost?
|
| One-Time Setup Fee.
The One-Time Setup Fee, including document services is $1,500. |
| Annual Ongoing Fee.
The annual administration fee is $1,200 plus $100 per participant. |
| SoloDBk.
To add a 401(k) feature there is an additional one-time setup fee of $250 and
an additional annual ongoing fee of $350. For a detailed list of fees that
apply to Solo 401(k) Plans click here.
|