18 min
412(e) defined defined benefit plan overview MKG Insurance Agency
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- Investing
Contribution Flexibility
Defined benefit plans allow higher contribution levels than defined contribution plans but along with that flexibility comes the requirement to meet minimum contributions.
Safe Harbor 401(k)s are designed to allow owners and highly compensated employees (generally owners and those making over $120,000) to contribute up to the maximum dollar limit as their 401(k) elective deferral without regard to what other employees contribute. The maximum deferral for 2019 is $25,000 if a participant is age 50 or over.
Interested in sharing your life insurance story, become a guest on our show
https://mkg-insurance-agency.captivate.fm/booking
Learn more about Safe Harbor 401(k) plans:
https://mkginsuranceagency.com/business-owner-retirement-plans
MKG Insurance Agency CA License No. 0J03013
Contact us for a free quote (559) 293-4977
Mentioned in this episode:
intro music 1
abstract trailer
Contribution Flexibility
Defined benefit plans allow higher contribution levels than defined contribution plans but along with that flexibility comes the requirement to meet minimum contributions.
Safe Harbor 401(k)s are designed to allow owners and highly compensated employees (generally owners and those making over $120,000) to contribute up to the maximum dollar limit as their 401(k) elective deferral without regard to what other employees contribute. The maximum deferral for 2019 is $25,000 if a participant is age 50 or over.
Interested in sharing your life insurance story, become a guest on our show
https://mkg-insurance-agency.captivate.fm/booking
Learn more about Safe Harbor 401(k) plans:
https://mkginsuranceagency.com/business-owner-retirement-plans
MKG Insurance Agency CA License No. 0J03013
Contact us for a free quote (559) 293-4977
Mentioned in this episode:
intro music 1
abstract trailer
18 min