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Surgent's Efficient 401(k)/SBO-K and Profit-Sharing Plan Strategies for Your Small Business Clients

When
06/07/2023
9:00 AM - 11:00 AM
Location
EPS2-2023-01-WEBNR-158-01

Registration

Member – $99.00
Nonmember – $119.00

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Small business owners are on their own when it comes to saving for retirement. Establishing retirement plans for their businesses would help ensure that their employees have an opportunity to build a retirement nest egg. While a small business owner has several options to choose from, key features and benefits must be considered to determine suitability. Additionally, the fact that certain plan types are easy to establish and maintain while other types are more complex and offer less flexibility, may drive the decision-making process. For advisors who help these small businesses save for retirement, the benefit is two-fold. The small business owner gets help planning for a financially secured retirement and advisors create an opportunity to grow their business. In this webinar, we focus on 401(k) plans, including Small Business Owner (SBO)-Ks and profit-sharing plans.

Major Topics:

Coverage of applicable provisions of SECURE Act 1.0 and SECURE Act 2.0
Funding a 401(k) plan after year-end
Benefits that help to offset plan expenses
How to add the Roth 401(k) feature to a 401(k) plan
Factors to consider when choosing between a 401(k) and a profit-sharing plan
Multiple plans: Limits when an individual participates in multiple plans
How to Determine who is eligible for an SBO-K/Solo-K Plan
When a profit-sharing plan is suitable for a small business
How to use the vesting feature to help prevent high turnover of employees
Employees that must be covered
Employees who are excludible
Persuasive arguments for convincing small businesses to set up a retirement plan

Objectives:

Perform checkups that help small business owners maintain compliance for their retirement plans
Identify key features and benefits of profit-sharing plans and 401(k)s for self-employed business owners
Determine which employees must be covered under qualified plans
Determine the steps that businesses should take to establish qualified plans
Help a small business choose the retirement plan that suits their profile

Designed for: All practitioners advising clients on these complex issues

Level: Basic

Instructor: Denise Appleby, MJ, APA, CISP, CRPS, CRC

CPE Credits: 2

Area of Study: Taxes (2)

Prerequisite: None

Visit Us:

3100 South Columbia Road
Suite 500
Grand Forks, ND 58201

Contact Us:

(701) 775-7111
or (877) 637-2727
Email: info@ndcpas.org

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