Actuarial | Administration | Advice
Services and Fees
Owner-only plan
The most basic retirement program is one covering a single owner. An owner-only program is able to avoid certain complexities that exist for plans that also cover employees (nondiscrimainting testing, PBGC insurance coverage, multiple types of benefit formulas/allocations, employee communications, etc.). For a typical owner-only retirement plan, the table below provides the expected initial set-up and recurring annual fees.
Multiple-Owners Plan / Include Spouse in Plans
Retirement programs covering multiple substantial owners are only minimally more complex than an owner-only program. Similarly, if the company employs only an owner and their spouse, a family may be able to double the contributions using a single program by essentially treating the spouse as a co-owner. Fees for such programs will depend on the number of owners and the type of plan design selected, but they will not be materially more than shown for an owner-only plan above.
Including Employees in Plans
Any non-owner employees that work on a full-time basis will need to be covered by a retirement plan that benefits business owners. Customized pricing is required for such circumstances due to the variability in the complexity of the ongoing administration.