The non-discrimination regulations for pension and profit-sharing plans
are an example of rules that have actually enhanced the ability of employers to meet business and personal objectives on a cost-effective basis.
Qualified plans will include 401Ks, 403Bs, simple IRAs, profit-sharing plans
, defined-benefit plans and cash-balance plans.
There was less of a disconnect when it came to monetary motivators: Workers surveyed said annual or biannual bonuses are their most desired incentive (77 percent) when considering job offers, followed by profit-sharing plans
and sign-on bonuses (tied at 49 percent).
Rubin Law will discuss special needs trusts, necessary special provisions in wills, revocable living trusts, irrevocable life insurance trusts, powers of attorney short-term guardian declarations, standby guardian declarations, and necessary changes to beneficiary designations for life insurance, IRA, 401(k), pension or profit-sharing plans
. Attorneys will also discuss estate tax planning, probate avoidance, special education issues, and residential and day programs, among other topics.
Still, companies with profit-sharing plans
may peg their contributions to the firm's results, so employees will learn that their successful efforts will produce tangible rewards.
* The employer deduction limit for individual allocations applicable to profit-sharing plans
is $51,000 (as indexed for 2013), or $56,500 for individuals over age 50, inclusive of 401(k) catch-up deferrals; the annual deductible contribution limit is 25% of participating payroll.
Group compensation, used by about half of the firms in the sample, is measured using a "shared capitalism index" that combines the presence, worker coverage, and impact on worker earnings of Employee Stock Ownership Plans, cash profit sharing plans, gain sharing plans, Deferred Profit-Sharing Plans
, and stock options granted in the past year.
Pension and profit-sharing plans
"Latent Market--There are many business owners with 401(k) profit-sharing plans
in place for whom the Qualified Combo Plan will be an attractive strategy.
This article focuses on the three most popular types of tax-favored retirement plans for small firms: simplified employee pension plans, commonly called "SEPs;" savings incentive match plans for employees of small employers, referred to as "SIMPLE IRAs" and "SIMPLE 401(k) plans;" and qualified profit-sharing plans
Distributions from other forms of retirement plans--such as 401(k), 403(b) annuities, defined benefit and contribution plans, profit-sharing plans
, Keoghs and employer sponsored SEPs and SIMPLE plans--are not eligible.
 Comparability profit-sharing plans
. Consider a comparability plan for clients who would like to keep the contribution discretionary and to have different contribution percentages for different categories of participants.