Small Business Pension Solutions
(EGTRRA and PPA 2006) contain numerous provisions designed to encourage the establishment of pension and profit sharing plans in small business. There has never been a better time to be in this market. Here is why you should consider The Brooks Group for your pension business:
TPA Services
- Plan Design
- Documents
- Complete Administration
- Plan Funding
- Availability of investment advice through a non-affiliated third party
Specialized Plan Design
- Five Plan Designers averaging over 20-years experience each
- Latest in Plan Designs: Cash Balance, Super-Flex, 412(e)(3), Combination Plans
- Enrolled Actuary in Sales and design, as well as administration
- Specializing in Defined Benefit Plans, 412(e)(3) and Cash Balance Plans
401(k) Takeover Specialists
- Can generally show lower fees, more investment options and plans design giving greater allocation to owner
Other small business pension solutions include:
New Comparability Profit Sharing Plans
A New Comparability Profit Sharing Plan Divides Employee into Groups and Allows The Employer to Contribute a Different Percentage of Pay for the Employees in Each Group on a Fully Tax Deductible Basis.
The difference between a traditional profit sharing plan and a new comparability profit sharing plan is the method of allocating the company’s contribution among the employees. In a traditional PS plan, the same percentage of pay is given to all employees. In a new comparability PS plan, the employees are divided into groups and each group receives a different percentage of pay as an allocation to their account.
Traditional Defined Benefit Plans
Double Advantage Safe Harbor 401(k)
New IRA Rollover Opportunities
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For more information about our Insurance and Risk Management products, services and solutions, contact us at 319.538.3161.
