Pension Plans

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Pension Plans

We've made it easy to start pension planning online
Get Started
888.599.5553

Pension Planning For Small Businesses

RMC offers a wide range of personal insurance products throughout the United States with an emphasis on homeowners, automobile, umbrella, and inland marine insurance.
RMC Group offers personal insurance to individuals and families throughout the United States. We have access to the nation’s
leading property and liability insurance carriers, which enables us to offer multiple coverage options for products such as homeowners, automobile and inland marine.
Plus, our proposal process makes it easy for you to understand your options and obtain the coverage most suitable for your needs.
We offer a variety of retirement plan services, including needs analysis, plan design, and administration. We help our clients choose the right retirement plan to provide a secure retirement and hopeful future.

Our approach to retirement planning is comprehensive and process driven. We guide our clients down the path to a better retirement strategy with an analysis of goals and needs. We help our clients assess what they will need to maintain their current lifestyle in retirement and whether they have the financial ability to support that lifestyle.

We help our clients pick the right retirement plan to get them closer to their retirement goals. We review their plan design on an annual basis to ensure that they are on target.

Retirement planning can be difficult and complex, but our experience and expertise can help make the process simpler.

Pension Planning For Small Business Owners

We offer a variety of retirement plan services, including needs analysis, plan design, and administration. We help our clients choose the right retirement plan to provide a secure retirement and hopeful future.

Our approach to retirement planning is comprehensive and process driven. We guide our clients down the path to a better retirement strategy with an analysis of goals and needs. We help our clients assess what they will need to maintain their current lifestyle in retirement and whether they have the financial ability to support that lifestyle.

We help our clients pick the right retirement plan to get them closer to their retirement goals. We review their plan design on an annual basis to ensure that they are on target.

Retirement planning can be difficult and complex, but our experience and expertise can help make the process simpler.
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Top Pension Plan FAQs

Top Pension Plan FAQs

Types of Pension Plans

Defined Contribution Plans


PROFIT SHARING

This plan allows an employer to make annual contributions according to a formula set forth in the plan document, usually a percentage of an employee’s compensation.

NEW COMPARABILITY

This type of plan is a defined contribution plan, such as a profit sharing or money purchase plan, that is tested for nondiscrimination as if it were a defined benefit pension plan.

AGE WEIGHTED

The employer’s contribution can be allocated among its employees based on years to retirement and an assumed interest rate in order to provide a comparable benefit at retirement to all employees.

401(k)

This plan permits an employee to make a pre-tax contribution to his account through payroll deductions.

Defined Benefit Plans


TRADITIONAL DEFINED BENEFIT

A minimum and maximum contribution based on interest and mortality assumptions established by the IRS. The employer can then contribute any amount that falls within this range.

SPLIT FUNDED DEFINED BENEFIT

A type of defined benefit plan that can be “split-funded” with life insurance and annuity contracts.

412(e)(3)

Also known as a fully-insured defined benefit pension plan. This plan can only invest in life insurance and annuity contracts.

CASH BALANCE

A cash balance plan is a defined benefit pension plan with characteristics of a profit sharing plan.

Types of Pension Plans Available

Defined Contribution Plans


PROFIT SHARING

This plan allows an employer to make annual contributions according to a formula set forth in the plan document, usually a percentage of an employee’s compensation.

NEW COMPARABILITY

This type of plan is a defined contribution plan, such as a profit sharing or money purchase plan, that is tested for nondiscrimination as if it were a defined benefit pension plan.

AGE WEIGHTED

The employer’s contribution can be allocated among its employees based on years to retirement and an assumed interest rate in order to provide a comparable benefit at retirement to all employees.

401(k)

This plan permits an employee to make a pre-tax contribution to his account through payroll deductions.

Defined Benefit Plans


TRADITIONAL DEFINED BENEFIT

A minimum and maximum contribution based on interest and mortality assumptions established by the IRS. The employer can then contribute any amount that falls within this range.

SPLIT FUNDED DEFINED BENEFIT

A type of defined benefit plan that can be “split-funded” with life insurance and annuity contracts.

412(e)(3)

Also known as a fully-insured defined benefit pension plan. This plan can only invest in life insurance and annuity contracts.

CASH BALANCE

A cash balance plan is a defined benefit pension plan with characteristics of a profit sharing plan.

Example Employers We Assist

Doctors

Attorneys

Family-Owned

Contractors

Sole Proprietor

More...

Example Employers We Assist

Doctors
Attorneys
Family-Owned
Contractors
Sole Proprietor
More...

Talk with a Pension Professional

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