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 Profit Sharing Plans
Profit Sharing Plans
In Profit Sharing Plans the contributions are discretionary. This provides the employer with a great degree of flexibility regarding contributions. Because the employer can vary his contributions from year to year, profit sharing plans are often desirable, especially when the employer is uncertain as to how much he will be able to contribute in the future.
Dugan & Lopatka Financial Services can help design an appropriate retirement plan for you and your business.
Please give us a call today.
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.
