This document discusses various retirement plan design options for employers, including considerations for different plan types. It provides examples of plan designs like safe harbor 401(k) plans, integrated and new comparability profit sharing plans, and cash balance pension plans. It includes hypothetical scenarios demonstrating how different designs could allocate contributions for owners/executives and other employees. The key information is that retirement plan design should consider the business and workforce to maximize benefits for owners/executives within legal limits while also providing for other employees.
Pre-tax retirement annuity contributions - the tax benefit that very few bene...Annemie Nieman CFP®
We take out retirement annuities for the various tax benefits they offer, however, the benefit of a tax deduction is often only enjoyed 18 months after the first contribution for the tax year had been made, i.e. when tax season opens. This, when the Income Tax Act allows for the benefit of a tax deduction to be enjoyed each month, when the contribution to the retirement annuity is made.
This tax benefit can be utilised to increase take-home pay (for those who do not want to increase their retirement savings) or the tax benefit can be added to the existing retirement annuity contribution. You will then get a tax deduction on the increased contribution as well. It is like a tax saving on top of a tax saving!
Are your clients enjoying the benefit of pre-tax RA contributions?
Presenting this set of slides with name - Fixed Investment Analysis Powerpoint Presentation Slides. We bring to you to the point topic specific slides with apt research and understanding. Putting forth our PPT deck comprises of thirtynine slides. Our tailor made Fixed Investment Analysis Powerpoint Presentation Slides editable presentation deck assists planners to segment and expound the topic with brevity. The advantageous slides on Fixed Investment Analysis Powerpoint Presentation Slides is braced with multiple charts and graphs, overviews, analysis templates agenda slides etc. to help boost important aspects of your presentation. Highlight all sorts of related usable templates for important considerations. Our deck finds applicability amongst all kinds of professionals, managers, individuals, temporary permanent teams involved in any company organization from any field.
Partnership revision questions ay 2014 2015JUMA BANANUKA
The practice questions will help the students of Makerere University (MUK & MUBS) to appreciate the theory underlying businesses in Uganda especially the partnership businesses.
Improve Your Bottom Line by Increasing MRO Spend Under ManagementSAP Ariba
MRO can be a messy category; estimates from industry analysts suggest that as many as 3,500 purchase orders, invoices and related documents are generated for every $1 Million in MRO spend. At an estimated average cost of $57 per document, this flurry of activity adds $200,000 in overhead – before factoring in the costs associated with managing an over-sized supplier base. Join Ariba partner ThomasNet to learn how to leverage your existing Ariba investments to capture more MRO as spend-under-management and improve your bottom line through the effective use of supplier catalogs and high quality procurement content.
This is the first part of a series of presentations on marketing strategy and deals with improving marketing ROI.
It's full of colorful slides to make points simply and clearly.
This 70-slide PowerPoint presentation will:
1. Give you a comfort level with Social Media and its place in your marketing program.
2. Introduce a systematic approach to marketing that will ensure your plans are effective and efficient.
3. Provide 3 worksheets to help you improve ROI.
4. Show you the full business upside when the Bottom Line process is used.
For more, please
How to Improve Your Bottom-Line Through Employee EngagementDrake International
Employee engagement is a hot topic and a key concern for many companies. Despite the heightened focus, companies still struggle with these questions: Why should we invest in employee engagement? Where do we invest for the greatest impact? What is the tangible business value of internal communication?
In this webinar, we will explore how to improve employee engagement, ways to initiate strategic discussions in your organization, and the impact it has on your bottom-line.
Paul is the president and he wants to improve the bottom line. He can cut in expenses or put in place a well-structured revision and improvement of working methods in Marketing and Sales to increase revenues and profits.
Can he do it alone?
Pre-tax retirement annuity contributions - the tax benefit that very few bene...Annemie Nieman CFP®
We take out retirement annuities for the various tax benefits they offer, however, the benefit of a tax deduction is often only enjoyed 18 months after the first contribution for the tax year had been made, i.e. when tax season opens. This, when the Income Tax Act allows for the benefit of a tax deduction to be enjoyed each month, when the contribution to the retirement annuity is made.
This tax benefit can be utilised to increase take-home pay (for those who do not want to increase their retirement savings) or the tax benefit can be added to the existing retirement annuity contribution. You will then get a tax deduction on the increased contribution as well. It is like a tax saving on top of a tax saving!
Are your clients enjoying the benefit of pre-tax RA contributions?
Presenting this set of slides with name - Fixed Investment Analysis Powerpoint Presentation Slides. We bring to you to the point topic specific slides with apt research and understanding. Putting forth our PPT deck comprises of thirtynine slides. Our tailor made Fixed Investment Analysis Powerpoint Presentation Slides editable presentation deck assists planners to segment and expound the topic with brevity. The advantageous slides on Fixed Investment Analysis Powerpoint Presentation Slides is braced with multiple charts and graphs, overviews, analysis templates agenda slides etc. to help boost important aspects of your presentation. Highlight all sorts of related usable templates for important considerations. Our deck finds applicability amongst all kinds of professionals, managers, individuals, temporary permanent teams involved in any company organization from any field.
Partnership revision questions ay 2014 2015JUMA BANANUKA
The practice questions will help the students of Makerere University (MUK & MUBS) to appreciate the theory underlying businesses in Uganda especially the partnership businesses.
Improve Your Bottom Line by Increasing MRO Spend Under ManagementSAP Ariba
MRO can be a messy category; estimates from industry analysts suggest that as many as 3,500 purchase orders, invoices and related documents are generated for every $1 Million in MRO spend. At an estimated average cost of $57 per document, this flurry of activity adds $200,000 in overhead – before factoring in the costs associated with managing an over-sized supplier base. Join Ariba partner ThomasNet to learn how to leverage your existing Ariba investments to capture more MRO as spend-under-management and improve your bottom line through the effective use of supplier catalogs and high quality procurement content.
This is the first part of a series of presentations on marketing strategy and deals with improving marketing ROI.
It's full of colorful slides to make points simply and clearly.
This 70-slide PowerPoint presentation will:
1. Give you a comfort level with Social Media and its place in your marketing program.
2. Introduce a systematic approach to marketing that will ensure your plans are effective and efficient.
3. Provide 3 worksheets to help you improve ROI.
4. Show you the full business upside when the Bottom Line process is used.
For more, please
How to Improve Your Bottom-Line Through Employee EngagementDrake International
Employee engagement is a hot topic and a key concern for many companies. Despite the heightened focus, companies still struggle with these questions: Why should we invest in employee engagement? Where do we invest for the greatest impact? What is the tangible business value of internal communication?
In this webinar, we will explore how to improve employee engagement, ways to initiate strategic discussions in your organization, and the impact it has on your bottom-line.
Paul is the president and he wants to improve the bottom line. He can cut in expenses or put in place a well-structured revision and improvement of working methods in Marketing and Sales to increase revenues and profits.
Can he do it alone?
10 marketing activities to improve your bottom lineSomething Big
It’s crucial to review your marketing efforts at year-end in order to improve productivity and effectiveness. It could have a significant impact on whether you meet your annual targets, as well as what next year has in store for your business.
Read our advice for what you need to think about during the festive period.
If you need any support with your marketing and communications activities, or want to discuss ideas for future campaigns, get in touch via hello@somethingbig.co.uk or 01483 746650.
How To Improve Your Bottom-Line Through Better Agent ExperienceLiveops
The connection between agent experience and customer experience and its bottom-line impact has been inferred over the years, but a new study conducted by Liveops & Dr. Natalie Petouho's Customer Experience Research Group looked more closely at this impact on both operational costs and revenue generation in the contact center.
Ensuring Profitable ROI in Pharma Marketing (mini)Eularis
The Pharmaceutical environment is turbulent and, as a result, what used to work to create industry-wide growth of 20% no longer does. The profit generated from brands is in decline as market growth slows in the major Pharmaceutical markets and this inevitably leads to marketing budget cuts.
The only way for a brand to grow effectively - and cost-effectively - is to improve the bottom line effectiveness of each marketing spend. Pharmaceutical marketers are under even more pressure to get more ‘bang for their buck’ from their marketing spend and be able to justify it.
This in-depth report answers the questions that Pharmaceutical marketing directors are asking:
* How do we successfully measure our individual marketing activities’ bottom line return, and prove it to the CFO?
* How do we prove exactly which marketing components are really growing our bottom line
* How do we know what aspects need to be changed, and how, to grow the bottom line by a specific amount
This report explains the different methods being used such as ROI, promotional response models, econometrics and predictive algorithms and the pros and cons of the different approaches.
There are step-by-step guidelines on successfully implementing these approaches for real and measurable results and numerous case studies of actual Pharma brands who have successfully navigated these waters. Consideration is given to what they did to measure and improve - and prove - bottom line return.
There are step-by-step guidelines on successfully implementing these approaches for real and measurable results and numerous case studies of actual Pharma brands who have successfully navigated these waters. Consideration is given to what they did to measure and improve - and prove - bottom line return.
The report will help Pharmaceutical marketers navigate and understand marketing analytics and develop skills to harness competitive advantage.
This report will focus on:
* The practical skills every marketer needs for measuring the effectiveness of their marketing
* Which tools and best practices really make a difference
* The measurement principles that drive successful marketing measurement
* How to propel strategy, growth, and bottom line return
* Case studies in measurement of sales force return, eDetailing return, compliance/adherence programs, CME speaker programs, advertising campaigns, PR campaigns, CRM implementation return, and much more
* Key points of relevance in these case studies
* New ideas you can apply to your area of marketing responsibility – be it sales force, advertising, eDetailing, CME, CRM, PR or any other related field.
Strategic Retirement Plan Designs for Professional Practices 92011twosons
A discussion of how to rapidly accelerate your contributions and significantly reduce your tax liability via a retirement plan designed for your specific personal and corporate objectives.
FINEX Wealth Management Inc. exclusive "Combined Qualified Pension Plan" designed to include IRC §401h “PRIME”: a separate pooled trust fund of a pension plan used exclusively for retiree health benefits. This unique plan consists of five (5) contribution components: 401(k), Profit Sharing, Cash Balance Defined Benefit, Aggregated “PRIME” Benefit, and Tax Reserve. The key to this design is combining plan attributes in a non-discriminatory manner, cross-testing, and satisfying the concurrent offset rules which allow business owner’s to create a targeted employees only plan.
Pension Options for Small Business OwnersParker Elmore
New Comparability & Cash Balance plans offer small to mid-sized professional firms the opportunity to target large tax-deferred pension contributions to the owners while providing modest benefits to employees.
Is your organization unintentionally shortchanging the key executives it counts on most? Many companies—and their executives—are surprised to learn that the disability and retirement plans of top leadership fall short in comparison to the plans of other employees within the organization.
GRAND CANYON UNIVERSITY SCENARIO GENERATORModule 4 Scenari.docxwhittemorelucilla
GRAND CANYON UNIVERSITY SCENARIO GENERATOR
Module 4 Scenario: Hiring Plan and Compensation Package Proposal
Type: Family Business
Size: Small Business
Sector: Computer Repair
Funding: Investors/Lenders
Stakeholders:
Employees
Decision makers:
Owners
Formal organization:
LLC
Human Resources Department:
Pay-for service arrangement: employment law attorney
Stage in Organizational Lifecycle:
Birth
THESE ARE THE GIVEN CONSTRAINTS:
ORGANIZATIONAL BACKGROUND:
Founded in: 1970
Dedicated to: The company thrives to provide the best possible
experience to all of its business partners and clients.
Culture Our culture is akin to that of a small family. All our
employees are partners in the business, share our success, and help us
sustain the core values that make us successful.
Structure: Our organization is very flat and consists of three tiers:
owners, managers, and non-manager employees.
Mission statement: To ensure that each customer receives prompt,
professional, friendly, and courteous service. To maintain a
professional and friendly environment for our cusotmers and staff. To
provide at a fair price using only quality components. To ensure that
all customers and staff are treated with the respect and dignity they
deserve. To thank each customer for the opportunity to serve them. By
maintaining these objectives we shall be assured of a fair profit that
will allow us to contribute to the community we serve.
Vision statement: Within the next five years, we will become a leading
provider of products and services to small businesses by providing
page 1 / 4
customizable, user-friendly solutions scaled to small business needs.
INTEGRITY: By dealing honestly with our clients, staff, vendors and
community.
RESPONSIBILITY: By considering the environment in which we do
business, community views and the common good.
PROFITABILITY: By being aware that an appropriate level of profit is
necessary to maintain our business and allow our values to continue to
be observed.
Values statement: In conducting our business, we will realize our
vision by performing our affairs so that our actions provide
confirmation of the high value we place on:
Present goals: To reduce delivery and distribution time of products
and services. To reduce the number and frequency of customer
complaints, and to improve the response time of customers inquiries.
Past goals: To reduce employee turnover by 20 percent by introducing a
new employee assistance program. To improve productivity by
implementing a company-wide training program. To actively recruit
skilled workers into the organization.
Brief SWOT analysis:
Strengths:
Positive cash flow
Experienced management
Good business reputation
Known for product quality
Weaknesses:
Experienced management approaching retirement
Insufficiently diversified revenue streams
Products and/or services have not been updated for a long time
Too much internal bureaucracy
Opportunities:
Internat ...
Michael Silver & Company CPAs recently published an article on retirement plans for businesses. Whether you have a small, independent business or a large company, we discuss the advantages and disadvantages for each plan available.
Michael Silver & Company CPAs has recently published an article on the benefits of retirement plans. Whether you have a small, independent business or a large company, we describe the advantages and disadvantages of each possible plan for each possible business.
Lawley Insurance - Saving Money Through Workplace Safety Best PracticesLawley Insurance
Ron Adamczak, Loss Control Consultant for Lawley Insurance, discusses how companies can save money through implementing workplace safety best practices.
This presentation, shared at the 2014 DiVal Safety Summit, explores best-practice approaches for saving money through employment assessments, setting the safety tone, branch/department charge-backs, and how accident investigation can systematically reduce injury exposure.
The Lawley Risk Management department explains the difference between physical capacity testing and medical evaluations. We delve into the crucial aspects of job exposure assessments and how they are the key to this type of program. In addition, we cover case studies of employee assessment/job compatibility programs and how these programs can dramatically impact loss costs.
Our management commitment model identifies the areas requiring management focus to reduce incidents. This section addresses both safety measurement and accountability methods.
The charge-back model section focuses on allocating costs to branches or departments based on both loss frequency and incurred costs. We review how this allocation can be weighted on both incident frequency and cost to better allocate insurance premium and introduce accountability through cost allocation.
The final portion of this session addresses how to evaluate an incident, identify its root causes, and then systematically eliminate those exposures that have already led to loss. We also cover how to leverage what was learned to gain control over similar exposures in your operation.
Lawley Insurance is a privately-owned independent regional insurance firm specializing in property and casualty, employee benefits and risk management consulting and ranked among the 100 Largest Insurance Brokers in the U.S., according to Business Insurance magazine. For more than 60 years, Lawley’s team of over 300 associates have developed customized property, casualty, surety and benefits insurance programs for businesses and municipalities of all sizes. Lawley is consistently recognized as a Best Places to Work from Buffalo Business First. Headquartered in Buffalo, NY, Lawley has branch offices across New York State in Amherst, Batavia, Fredonia, Rochester, Westchester and Melville along with Florham Park, New Jersey. To find out more, visit lawleylnsurance.com.
Lawley Insurance - Private Exchnages In The Era Of The Affordable Care Act Lawley Insurance
Michael Szymoniak Jr., Employee Benefits Consultant for Lawley Insurance, introduces private benefit exchanges and shares consumer buying data from Lawley Marketplace, Lawley’s proprietary private exchange.
This presentation, shared at the 2014 DiVal Safety Summit, explores why private exchanges are becoming the most popular trend in the employer-sponsored benefits arena. The universal features of private exchanges, specifically defined-contribution and decision-making support technology are identified and developed to explain how employer-groups can leverage this solution for long-term cost control. These features, combined with inventories of multiple medical and ancillary benefits prove to be the keys to enabling consumerism and employee satisfaction and engagement. The effect of a 'defined-contribution' funding strategy is an overarching theme, bridging the gap between employer and employee challenges.
The second part of the presentation includes buying data from Lawley Marketplace, to illustrate why some experts believe the new health care consumer will be built on this platform. Medical/health plan elections show how employees choose among HMO, PPO, HDHP (HAS eligible), limited or narrow network style plans. Life, dental, disability, and other ancillary group benefits are also discussed.
Lawley Insurance is a privately-owned independent regional insurance firm specializing in property and casualty, employee benefits and risk management consulting and ranked among the 100 Largest Insurance Brokers in the U.S., according to Business Insurance magazine. For more than 60 years, Lawley’s team of over 300 associates have developed customized property, casualty, surety and benefits insurance programs for businesses and municipalities of all sizes. Lawley is consistently recognized as a Best Places to Work from Buffalo Business First. Headquartered in Buffalo, NY, Lawley has branch offices across New York State in Amherst, Batavia, Fredonia, Rochester, Westchester and Melville along with Florham Park, New Jersey. To find out more, visit lawleylnsurance.com.
Lawley Insurance - New York State Workers CompensationLawley Insurance
Lawley Insurance is a privately-owned independent regional insurance firm specializing in property and casualty, employee benefits and risk management consulting and ranked among the 100 Largest Insurance Brokers in the U.S., according to Business Insurance magazine. For more than 60 years, Lawley’s team of over 300 associates have developed customized property, casualty, surety and benefits insurance programs for businesses and municipalities of all sizes. Lawley is consistently recognized as a Best Places to Work from Buffalo Business First. Headquartered in Buffalo, NY, Lawley has branch offices across New York State in Amherst, Batavia, Fredonia, Rochester, Westchester and Melville along with Florham Park, New Jersey. To find out more, visit lawleylnsurance.com.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
Buy Verified PayPal Account
Looking to buy verified PayPal accounts? Discover 7 expert tips for safely purchasing a verified PayPal account in 2024. Ensure security and reliability for your transactions.
PayPal Services Features-
🟢 Email Access
🟢 Bank Added
🟢 Card Verified
🟢 Full SSN Provided
🟢 Phone Number Access
🟢 Driving License Copy
🟢 Fasted Delivery
Client Satisfaction is Our First priority. Our services is very appropriate to buy. We assume that the first-rate way to purchase our offerings is to order on the website. If you have any worry in our cooperation usually You can order us on Skype or Telegram.
24/7 Hours Reply/Please Contact
usawebmarketEmail: support@usawebmarket.com
Skype: usawebmarket
Telegram: @usawebmarket
WhatsApp: +1(218) 203-5951
USA WEB MARKET is the Best Verified PayPal, Payoneer, Cash App, Skrill, Neteller, Stripe Account and SEO, SMM Service provider.100%Satisfection granted.100% replacement Granted.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
The Parable of the Pipeline a book every new businessman or business student ...
Lawley Seminar | ACSI Retirement Planning
1.
2. There are many plan design options available for tax-
qualified defined contribution and defined benefit
retirement plans.
Considerations include:
differences in the nature and size of the workforce
employee turnover characteristics
age and length of service disparities between owners/executives and
“rank-and-file” employees
the willingness of employees to make their own contributions
amount available each year for contributions by the employer
ability of the employer to commit to making specific levels of
contributions from year to year
Internal Revenue Code and IRS nondiscrimination requirements
3. Examples of plan designs to consider:
safe harbor 401(k) plan
“integrated” profit sharing contributions
new comparability profit sharing contributions
cash balance defined benefit plan
4. SAFE HARBOR 401(k)
Ordinarily, pre-tax contributions (401k deferrals)
made by a “highly compensated employee” (HCE)
from his W-2 pay or his self-employment income
(i.e., his “earnings”) are subject to deferral limit
nondiscrimination testing.
Although the IRS 401k deferral limit is $18,000 in 2015
($17,500 in 2014), the limit may be reduced if the non-
HCE employees do not contribute enough to allow the
plan to pass the deferral limit nondiscrimination testing.
In addition to the $18,000 deferral limit, if at least age
50, an additional $6,000 in 2015 ($5,500 in 2014) can be
deferred without being subjected to nondiscrimination
testing.
5. A safe harbor 401(k) plan is exempt from the
deferral limit nondiscrimination testing, i.e., no
“cutback”.
Two alternative types of safe harbors:
Safe harbor non-elective contribution
The employer contributes 3% of pay for each employee who is
eligible to make a 401k deferral.
Safe harbor matching contribution
If an employee contributes 5% of pay, the employer must make a
matching contribution of 4% of pay.
This generally is 100% of the first 3%, plus 50% of the next 2%.
6. There are special rules that should be considered as
part of the planning process, for example:
Should the safe harbor contributions only be made for
employees who have completed a “year of service”, i.e.,
are there part-time employees who do not work at least
1,000 hours per year, who may be permitted to
contribute their own money but may be excluded from
the safe harbor contributions?
7. Hypothetical #1
Employee Compensation Deferral Match Total Cost
($0 for Staff)
HCE A
(50+)
$260,000 $23,000 $10,400 $33,400
Staff B $35,000 $0 $0 $0
Staff C $20,000 $0 $0 $0
8. Hypothetical #2
Employee Compensation Deferral Non-Elective
3%
Total Cost
($1,650 for
Staff)
HCE A
(50+)
$260,000 $23,000 $7,800 $30,800
Staff B $35,000 $3,500 $1,050 $1,050
Staff C $20,000 $2,000 $600 $600
9. “INTEGRATED” PROFIT SHARING CONTRIBUTIONS
Employer “profit sharing” contributions can be made to a
401(k) plan, including a safe harbor 401(k) plan.
The aggregate plan contributions for a HCE can be $53,000
in 2015 ($52,000 in 2014) plus any additional age 50
deferrals ($6,000 in 2015 or $5,500 in 2014).
If the HCE’s pay or earnings are at least $265,000 in 2015 ($260,000
in 2014) and he maximizes his deferral contributions plus safe
harbor contributions, that may leave as much as $24,400 (if safe
harbor match) or $27,050 (if safe harbor non-elective) available as a
profit sharing contribution.
10. A traditional plan design allocates profit sharing
contributions pro rata based on each “eligible”
employee’s pay.
An “integrated” plan design recognizes that the
employer is contributing to Social Security on pay up
to the FICA taxable wage base (“TWB”) ($118,500 in
2015; $117,000 in 2014).
11. How does integration work?
The contribution is allocated at the rate of X% of pay to
the integration level (i.e., the “breakpoint”) and at the
rate of Y% of pay (greater than X) on pay in excess of the
integration level.
IRS regulations set the maximum
contribution/allocation rates based on the breakpoint
which is chosen.
12. Hypothetical #3
Employee Compensation Deferral and
Match
Integrated PS
(e.g., 30%
TWB) (5.55% to
TWB; 9.85%
above)
Total Cost
($4,452 for
Staff)
HCE A $260,000 $23,000
$10,400
$24,100 $57,500
Staff B $35,000 $3,500
$1,400
$1,942 $3,342
Staff C $20,000 $0
$0
$1,110 $1,110
13. NEW COMPARABILITY PROFIT SHARING
CONTRIBUTIONS
An alternative to traditional pro rata or integrated
profit sharing contribution allocations.
Provides an opportunity to maximize
contributions if the HCEs are older, while
minimizing allocations to younger staff.
Provides flexibility, for example:
All HCEs do not have to receive maximum
contributions.
Some rank-and-file employees can receive higher
percentage contributions than others.
14. What is the theory behind allowing higher contribution
rates for older HCEs?
For an older plan participant, the contributions will be held and
invested for a shorter time until retirement, therefore, more is
needed for the contribution to be equivalent to that which is made
for a younger plan participant.
15. Hypothetical #4
Employee Age Compensation Total Cost
($5,750 for
Staff)
(401k with
3%safe harbor)
% of Total
Contribution
HCE D 55 $260,000 $57,500
(includes
$23,000 401k)
90.91%
Staff E 60 $45,000 $1,990
(4.42%)
3.15%
Staff F 35 $35,000 $1,548
(4.42%)
2.45%
Staff G 25 $25,000 $1,106
(4.42%)
1.75%
Staff H 25 $25,000 $1,106
(4.42%)
1.75%
16. CASH BALANCE DEFINED BENEFIT PLAN
Great opportunity for professionals (and others).
Depending on the demographics of the group, including
ages,
compensation levels, and
numbers of
owners/professionals,
other HCEs, and
other staff,
it may be possible to design a cash balance plan that
provides for very high levels of "contributions" to the
owners’/professionals’ cash balance accounts.
17. A cash balance plan may be designed so that the
annual funding "cost" – the contributions – for an
owner’s/professional’s benefits earned under the
plan far exceeds the $53,000 (or $59,000) annual
contribution limit for a defined contribution plan.
In some cases, it is possible to participate in a
defined contribution plan up to the maximum
$53,000 (or $59,000) level and participate in a cash
balance plan at the maximum benefit level.
18. Like the new comparability plan design, it may be
possible to have different levels of "contributions" for
different participants, including:
Older professionals receiving much greater
contributions than younger staff; or
Selected professionals benefitting much more
significantly than the other professionals and the rank-
and-file employees.
19. Hypothetical #5
A One-Owner Business with 3 employees plus the
Owner.
The Owner maintains both a Cash Balance DB Plan
and a 401(k) New Comparability Profit Sharing Plan.
One of the employees works less than 1,000 hours each
year.
21. Hypothetical #6
A One-Owner Business with 6 employees plus the
Owner and his spouse.
The Owner maintains both a Cash Balance DB Plan
and a 401(k) New Comparability Profit Sharing Plan.
22. P O H Class
* * * A
* * C
B
B
B
B
B
B
292,992 100.00%
Employer
Cost
233,856
29,400
3,283
3,204
10.15%
Grand Totals 623,198 210,136 33.7 51,664 18,696 18,160 2.9
14,160 5.0 29,736Non-Principals 283,198 7,080 2.5 5,664 8,496
1.2 263,256 89.85%
Cost Total
Principals 340,000 203,056 59.7 46,000 10,200 4,000
% of
Earnings Amount % of Earnings Deferral Harbor Amount % of Earnings
Total Contribution
Considered Cash Balance 401(k) Safe Profit Sharing Employer
1.69%
Legend: P- Principal, O- Owner, H- Highly Compensated Employee
CONTRIBUTION REPORT - SUMMARY
1,418 2,363 5.0 10.50%4,962
Last Name
OWNER
SPOUSE
STAFF 1
STAFF 2
46 47,260 1,182 2.5 945STAFF 6
5.034,510 863 2.5 690 1.24%3,624
STAFF 3
STAFF 4
STAFF 5
2.70%
34
6,756
1,035 1,726
2,259 3,765 5.0 10.50%
10.50%
7,90634 75,299 1,882 2.5 1,506
5.01,930 3,217 10.50% 2.31%
1.09%
49 64,347 1,609 2.5 1,287
916 1,526 5.0 10.50%47 30,517 763 2.5 610
5.0 10.50% 1.12%
10.03%52 80,000 0 0.0 23,000
32 31,265 782 2.5 625
79.82%
Total
1,563
2,400 4,000 5.0 36.75%
938
57 260,000 203,056 78.1 23,000 7,800 0
Harbor Amount % of Earnings % of
Earnings
0.0 89.94%
% of
AA Earnings Amount % of Earnings Deferral
Total Contribution
Considered Cash Balance 401(k) Safe Profit Sharing
Hypothetical #6
Combination Cash Balance/401(k) Profit Sharing Plan
For the Plan Year 01/01/2014 - 12/31/2014
CONTRIBUTION REPORT - DETAIL
23. Actuarial Consulting Services, Inc., 200 John James
Audubon Parkway, Suite 100, Amherst, NY 14228, (716)
691-2181 ext. 103
Mark E. Brand, Esq. (mbrand@acsi-ny.com)