Retirement Plans

Do you know if the plan you have, or are considering, is right for you? The answer is available to Basic Pay clients on request. Many clients think that the 401 (k) is the only way to save for retirement. However, most people are not aware that with the recent tax law changes, the 401(k) is in many cases only the beginning of the retirement plan process. Careful strategic integration of the 401(k) and related plans can add tremendous value. However, there are limitations with each plan, so selecting the correct components is critical to maximizing the benefits available to the business owners and their employees.

Retirement services are available to Basic Pay clients utilizing the knowledge and experience of independent actuaries and financial consultants, with the intent of providing both typical investment vehicles as well as more specialized plans. Clients will be able to have their current retirement plan reviewed by professionals who will examine their current or proposed program, assuring that it is the best suited for their business and will accomplish the intended goals. The following retirement structures are available to Basic Pay clients if applicable:

• 401 (k) Plan
• 457 Plan
• 412 (i) Plan
• 403 (b) Plan
• New Comparability Plan
• SEP Plan
• Defined Benefit Plan
• Layered or stand alone Profit Sharing Plan
• Money Purchase Plan
• Simple IRA
• Hybrid custom designed programs

Call Basic Pay for a consultation today at 212-684-8827