Your situation and your needs are unique. Our audits also consist of defined contribution plans, -including 401(k) plans-defined benefit plans and health and welfare plans.

The GBQ team conducts audits of over 100 different benefit plans of various sizes ranging from small to very large, to those with thousands of participants in the plan. If that's the case, the earnings on the Roth contribution will be taxable when withdrawn.Р”В¬atch-Up Contributions are optional for individuals age 50 or older so they may defer up to an additional $6,000 to their 401(k) accounts, up to $24,500 annually including either Regular or Roth Deferrals.Р”В®xplore your deferral options now and contact a 401(k) specialist at 86.GBQРІР‚в„ўs Benefit Plan Group provides audit, tax and consulting services to a broad range of clients, representing growing companies requiring first-time plan audits, companies with multiple locations to those with multi-employer plans. Contributions grow tax-free and the accumulated balance will not be taxed upon distribution unless the Roth contributions have not been in the plan for at least the past five plan years. Roth Deferral is an after-tax employee contribution that is not deductible in the year it is made. The accumulated balance will be taxed upon distribution at the individual's then-current income tax rate. Regular Deferral is a pre-tax employee contribution that is deductible in the year it is made so the contribution grows tax-free. YouРІР‚в„ўll find that we offer the most popular deferral options so your employees can build their retirement savings:

Business owners and their spouses receive the same advantages of a Traditional 401(k) plan, including pre-tax and Roth contributions, as well as higher annual contribution limits than allowed in a SEP-IRA or SIMPLE plan.Р”В®xplore your 401(k) options and contact a 401(k) specialist at 86 today.Р”Р„ll employees, including owners, may defer up to $18,500 per year (or $24,500 per year, if age 50 or older). Solo(k)gives owner-only and family-only businesses the ability to make the maximum allowable contributions to a retirement plan while providing access to accumulated balances through a loan feature. A Safe Harbor plan requires minimum annual employer contributions using either a matching formula or a fixed 3% annual contribution, similar to a SIMPLE plan. Safe Harbor 401(k) provides the same features as a Traditional 401(k) plan and bypasses annual non-discrimination testing. However, due to required annual non-discrimination testing-developed to ensure 401(k) plans do not favor owners or highly compensated employees (HCE) more than other employees-HCEs and business owners may have limits imposed on their annual contribution amounts. Traditional 401(k) allows employees to save for their retirement through payroll-deducted contributions while providing employers the option to make additional contributions to their employees' 401(k) accounts. Sure401k offers popular 401(k) options at affordable prices to help you and your employees save as much as possible:

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