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| The PRO experts have designed the services and
procedures so that in retirement planning a sponsor's role is to simply
establish the plan, remit the periodic plan contributions and payroll data via
the PRO secure web site, provide requested year end census data and inform the
office of any employment terminations. A 401(k) Plan is a low cost way of
providing retirement benefits that are appreciated by the employees.
Furthermore, contributions to a 401(k) Plan are voluntary and deductible by the
employer. |
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| How to maximize
contributions in a 401(k) plan: |
Participants
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Salary
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Own
401(k) $
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Safe-Harbor
Co.Contribution
|
Discretionary
Co.Contribution
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Total
Contributions
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#1 Owner
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$200,000.00 |
$11,000.00 |
$6,000.00 |
$23,000.00 |
$40,000.00 |
#2 Employee
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$30,000.00 |
$3,000.00 |
$900.00 |
$3,450.00 |
$7,350.00 |
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