Defined Contribution Plans Quick Links
- 401(k)
Like a traditional profit sharing plan, a 401(k) plan offers flexibility and tax deductible employer contributions together with tax-deferred accumulation of assets. - Profit Sharing Plans
In Profit Sharing Plans the contributions are discretionary. This provides the employer with a great degree of flexibility regarding contributions. - Money Purchase Pension
A Money Purchase Pension is another specfic type of retirement plan. Here the plan obligates the employer to contribute a fixed amount each year, ordinarily a percentage of the participants' compensation. - ESOP
An Employee Stock Ownership Plan (ESOP) is an employee benefit plan that invests primarily in the stock of the sponsoring company. The stock is allocated to the participants who then become shareholders of the company.
Financial Services Retirement Planning Defined Contribution Plans Money Purchase Pension
Money Purchase Pension
A Money Purchase Pension is another specific type of retirement plan. Here the plan obligates the employer to contribute a fixed amount each year, ordinarily a percentage of the participants' compensation.
The employer can contribute and deduct up to 25% of the plan participant's eligible compensation, provided no single participant's share of the contribution exceeds the lesser of $40,000 or 100% of his compensation.
Ask Dugan & Lopatka to help you find a plan that serves your needs.
Dugan & Lopatka Financial Services, LLC104 E. Roosevelt Rd., Wheaton, Illinois 60187Phone: (630) 665-0914Fax: (630) 665-5030
DUGAN & LOPATKA FINANCIAL SERVICES IS NOT AN AFFILIATE COMPANY OF LPL FINANCIAL. SECURITIES AND ADVISORY SERVICES OFFERED THROUGH LPL FINANCIAL, A REGISTERED INVESTMENT ADVISOR, MEMBER FINRA/SIPC.
