Employer Sponsored Qualified Plans
// Qualified Plans
Employer Sponsored Plans
A qualified plan such as a 401(k), SEP, SIMPLE or other similar plan, is an extremely important and critical retirement and employee retention tool. Utilizing a trained Ashworth Retirement Specialist can become a key benefit to both yourself as well as to your employees. Our Advisors are specifically trained not only on the day to day fiduciary management of qualified plans but also to help plan participants focus on academically sound investing principles. Our Ashworth Advisors can help you effectively navigate both sides.
Employer’s View
- It is extremely helpful to just start with the right questions.
- What am I trying to accomplish with our qualified plan?
- Do I desire to skew plan benefits more towards owners or employees?
- What discretionary cash flow is available?
- Matching or no matching?
- How to accomplish the business’s goals for the least cost?
- *All ERISA plans must either meet discrimination testing or fall within a permitted Safe Habor.
Employee’s View
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Your Employees will have great question too!
- How much should I set aside each month to pursue my long-term goals
- Which allocation mix gives me the most likely chance to meet my long-term goals?
- What about non-plan retirement assets and Social Security?
- How might inflation and longevity risks impact my retirement?
To have a qualified plan accomplish it’s long-term purposes, both viewpoints need to be addressed. It isn’t enough just to put your plan on autopilot.
Give one of the Ashworth professionals a call today to see if we can help you get more benefits out of your plan.
// Qualified Plans
Sample Plan Options
401(k) Plan
One of the most common plan options
SIMPLE Plan
Great for budget conscious startups
SEP Plan
Designed for companies with very few employees
Cash Balance 401(k) Combo
Dramatically expands contribution limits, can allow almost $330,000 for a 60 year old (As of 01-01-2021)
403(B)/457 Plan
Designed for non-profits and government agencies
ESOP
Allows for company stock ownership inside plan
