• 2000 – Repeal of IRC Section 415(e) gave highly compensated individuals the opportunity to open and fully fund a DB plan even if they had accumulated millions in defined contribution plans
  • 2001 – EGTRRA lowered the retirement age from 65 to 62 and increased retirement benefits from $140,000 in 2000 to $245,000 in 2022
  • 2006 – Pension Protection Act increased flexibility and allows for the combination of a Defined Benefit Plan with a 401(k)/Profit Sharing plan.  Increase contribution in early “windfall” years allowing for front loading
  • 2020 – Secure Act of 2020 Congress realized that America has a retirement planning crisis. So, to incentivize small business owners to offer retirement plans, they raised the tax credit limit from $1500 to $16,500. This dollar-for-dollar tax credit makes most plans set up a zero cost for the employer.
  • CalSavers Retirement Savings Trust Act. It requires California businesses with five or more California-based employees (one of whom is at least 18 years old) to offer either an employer-sponsored retirement plan or the state-sponsored retirement plan to their workers by June 30, 2022. Companies that don’t will be required to enroll in CalSavers, the state-sponsored individual retirement account (IRA), or face fines.
  •  The Tax Cuts and Jobs Act (TCJA) changed the tax law that affects high-income small business owners and self-employed individuals.

Stephen and Kathleen at Retirement Actuarial Services have been amazing to work with. I highly recommend them for anyone looking to maximize their wealth.

Billy Thompson
CEO of Thompson Tee

"Implementing Designer DB Plus for my small business clients has yielded tremendous tax savings (ranging from hundreds of thousands to almost a million dollars per case). This strategy has become one of the most powerful tools I have been able to introduce to my clients and has helped me maintain my position as my client's most trusted advisor. By Partnering with RAS, I have dramatically increased my referrals along with my firm's revenue and cannot be more pleased with our relationship with Steve and Kathleen"

Ray Kondler CPA
Kondler & Associates CPAs

There are more choices now than ever when it comes retirement plans. For small businesses, navigating these choices and making informed decisions is key to maximizing retirement savings for owners and employees. The RAS team has been instrumental in developing a plan that has helped Transmission Analytics maximize retirement savings thereby helping our staff reach their long-term goals sooner. The RAS team is responsive and easy to work with, we would highly recommend the RAS team to those seeking customized retirement solutions tailored for your business. The customized plans continue to provide tremendous tax savings!

Sunil Nair
CEO Transmission Analytics LLC

This Team is the Best !! For Years they have been my Go-To for maximum tax savings and helping me keep great employees. The customization of the plan design helps me navigate the different businesses I own while helping me capture the largest tax deductions and keeping the lions share of the plan contributions even though I own several businesses with many employees. Give them a call, it will be worth your time !!

Bob Fahnestock
Partner of BFE/FMA/BMA

Steve and Kathleen provide great service and can help business owners implement one of the best retirement plans, the Designer 401K+. The client can deduct contributions, let them grow tax-deferred, and then take them out as a Tax-Free benefit for Health costs in retirement including health insurance premiums. Brilliant! It is one of the best Tax-Free moves for business owners.

Hosler
Wealth Management LLC

The TCJA changes increased the value of high contribution retirement plans like Designer DB Plus™. Taking these large tax deductions off the top line, you may bring your small business and self-employed clients below the taxable income thresholds ($340,100 married taxpayer, $170,050 single taxpayer in     2022). In addition, they may qualify for the 20% QBI (Qualified Business Income) deduction and save     them tens of thousands of dollars in tax liability.