401(k) Mirror Plans

Qualified plan limits often make it difficult for business owners or highly compensated individuals to increase their retirement contributions in tandem with their income or long-term savings goals. While many rank-and-file employees contribute at, or more often below, qualified plan maximums, their highly paid counterparts cannot contribute enough toward retirement.

A 401(k) mirror plan is an effective nonqualified solution for business owners or executives looking to save for their retirement beyond their 401(k) contribution limits.

The plan offers the same investment choices as the company 401(k). Participants select their own investment options for plan contribution, and the plan makes part or all of the investment.

The plan allows business owners or executives to bring their retirement contributions in line with their income or salaries, as well as their long-term income needs.

Contact us to help set up a Profit Sharing plan for your company.