Background:
Established in the Winter of 2001 in response to high
turnover in the foodservice industry. This program is
designed to assist in rewarding, retaining and recruiting
key employees.
Benefits:
Executive Retirement Planning
- Specifically designed
for highly compensated executives
- A cost-effective way
to compensate yourself and key executives
- Can be customized to
fit individual needs
- No limits on allowable
contributions
New Comparability Profit
Sharing (geared for small companies)
- Permits one to shelter,
on pre-tax and tax-deferred basis up to $30,000 per
year.
- 50% savings on fees
- No annual administration
fees
- Typically enables owners
and key executives to receive between 75 and 90% of
the company's profit sharing contributions
401(k)
- Low or No startup costs
- Save up to 100% of annual
administration and per-participant fee
- Reduced asset management
fees
- State-of-the-art features
with more than 20 investment options.
