Planning Today
Preserving Tomorrow
Retirement Planning

Employer-Sponsored Plans

Qualified Retirement Plans

Money Purchase Plans

A money purchase plan is a pension plan that has a mandatory annual contribution.  The contribution formula is established in the plan document however company contributions can be as high as 25% of pay.  Employers also have the option of making all contributions subject to a vesting schedule.

Profit Sharing Plans

For businesses with a number of part-time employees or high employee turnover, or those needing the freedom of variable contributions, a Profit-sharing plan may be the perfect answer.

  • Discretionary contributions of up to 25% of compensation (20% of net profits for a self-employed person)
  • The potential to exclude part-time and seasonal workers, depending on the eligibility requirements you select
  • Choice of vesting schedules may be available
  • Loans and hardship withdrawals may be available
  • The option of Social Security integration

401(k) Plans

A 401(k) plan allows participants to contribute a portion of their pre-tax salary to a tax-deferred retirement plan.  Some companies may provide a matching option to their employees as an extra incentive for the participants to contribute.  All plans are subject to discrimination testing to ensure all plan participants are receiving equal benefit.

  • Salary deferral contributions as well as employer contributions
  • $16,500 salary deferral limit
  • “Catch-up” contribution of $5,500 for those ages 50 and older
  • Contributions may be split between Traditional 401(k) plans and Roth 401(k) plans.  Employer contributions are treated as Traditional 401(k) contributions
  • Safe Harbor option for small businesses to ensure plan passes all discrimination testing

Roth 401(k)s

Similar to a basic Roth-IRA, Roth 401(k) contributions are made with after-tax dollars and are eligible to grow tax free.  Unlike a Roth-IRA, participants may contribute regardless of how much they earn.  A Roth 401(k) must be combined with a Inidividual (k) or a 401(k) plan and cannot be established on its own.

  • Salary deferral contributions only
  • $16,500 contribution limit
  • “Catch-up” contribution of $5,500 for those ages 50 and older
  • Contributions may be split between Traditional 401(k) plans and Roth 401(k) plans.  Employer contributions are treated as Traditional 401(k) contributions

403(b) Plans

A 403(b) plan is a tax-favored retirement plan for employees of school systems, nonprofit organizations, or other tax-exempt employers (know as 501(c)(3) organizations).   Participants can make pre-tax contributions and some organization even provide a matching incentive to their employees.

  • Employee pre-tax contributions are immediately vested
  • Employer matching contributions may be subject to a vesting schedule
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Private Wealth Management Firms in Saratoga NY

Retirement Accounts are savings plans that allow investors to increase the size of their savings for retirement while taking advantage of special tax benefits.

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DLG Wealth Management, LLC  is a SEC-registered investment advisor.

Securities offered through Dinosaur Securities, LLC a member of FINRA, SIPC & NFA.