| Single Owner Medical Practice |
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| Objective: Maximum contribution and tax deduction |
| Profile: Medical Practice, One Physician age 47 and spouse W -2 income $230k. Retire age is 62, 4 PA's, 21 Employees |
| Solution: Designer 401k+TM |
| Combination (CB), PSP/Incidental Plan for 7 years and a PSP Plan to achieve 98% of total contribution to the |
| Annual Contribution: $317,550 |
| Tax Savings@ 37%: $117,494 |
| Projected Accumulation: $2,714,770 |
| Incidental Benefit can allow up to $594,000 in tax free distribution in retirement per participant |
| Single Owner W-2 and 1099 Income |
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| Objective: Maximum contribution and tax deduction |
| Profile: Single Owner age 41, W-2 Income $471,000 1099 Income $203,920 takes $50,000 W-2 salary from his LLC |
| Solution: Designer 401k+TM |
| Combination (CB), PSP/401k, Incidental Plan for 7 years to eliminate taxation on 1099 income |
| Annual Contribution: $134,833 |
| Tax Savings@ 37%: $49,888 |
| Projected Accumulation: $1,152,702 |
| Incidental Benefit can allow up to $594,000 in tax free distribution in retirement per participant |
| Software Company 1/3 Partner & 2/3 Partner |
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| Objective: Maximum contribution and tax deduction |
| Profile: 2 Partners, age 51 and 60, 4 employees. Plan is max front loaded, and annual contributions may be reduced to avoid early overfunding. |
| Solution: Designer 401k+TM |
| Combination (CB), PSP/Incidental Plan for 5 years to achieve 98% of total contribution to the owners. |
| Annual Contribution: $1,002,350 |
| Tax Savings@ 37%: $370,870 |
| Projected Accumulation: $5,815,547 |
| Incidental Benefit can allow up to $594,000 in tax free distribution in retirement per participant |
| Hospitalist 7 Partner Group with Employees |
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| Objective: Maximum contribution and tax deduction |
| Profile: Medical Practice, 7 Partners between ages 43 & 61 W-2 income $265k ea partner and 10 Employees |
| Solution: Designer 401k+TM |
| Combination Defined Benefit (CB), PSP/Incidental Plan for 10 years to achieve 98.6% of total contribution to the owners, |
| Annual Contribution: $1,456,265 |
| Tax Savings@ 37%: $538,818 |
| Projected Accumulation: $3,554,288 Yr#2 $2,178,000 |
| Incidental Benefit can allow up to $594,000 in tax free distribution in retirement per participant |
