Pensions Unlimited Inc.
Finding the right fit!
 
 
Basic vs Custom Plan | Family Only 401k | 1-Person Defined Benefit Plan
 
Basic vs Custom Plan
 
NAME SEX AGE RETAGE COMPENSATION 5% SEP OR PROFIT SHARING CLASS ALLOCATION PROFIT SHARING
Owner #1 M 55 65 $200,000 $10,000 $45,000
Owner #2 F 50 65 $200,000 $10,000 $45,000
Subtotal for Principals         $20,000 $90,000
EE #1 M 23 65 $20,000 $1,000 $1,000
EE #2 F 36 65 $40,000 $2,000 $2,000
EE #3 F 32 65 $30,000 $1,500 $1,500
EE #4 F 34 65 $30,000 $1,500 $1,500
EE #5 M 22 65 $25,000 $1,250 $1,250
EE #6 M 60 65 $60,000 $3,000 $3,000
EE #7 F 40 65 $45,000 $2,250 $2,250
Subtotal for Others         $12,500 $12,500
TOTAL CONTRIBUTION         $32,500 $112,500
             
  Percentage for Principals 61.54% 87.80%
  Percentage for all Other 38.46% 12.20%
             
 
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