412(e)(3) Plans for Small-Business Clients

Russell, Corie
April 2013
Plan Advisor News;2013, p20
The article focuses on 412 (e) (3) fully insured defined benefit (DB) plan as the right solution for small businesses with stable profits. Features of a 412 (e) (3) DB plan are highlighted including guaranteed plan benefits and exemption from the funding requirements of IRC Section 41. The plan is perfect for entrepreneurs who want a large current tax deduction and secure guaranteed retirement income, according to Alliance Benefit Group-Pentegra executive Mary Read.


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