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Maximize Your Retirement Savings with Owner-Only 401(k) Plan Design and Third-Party Administrators

Are you a business owner looking to secure your retirement future? Dive into the world of Owner-Only 401(k) plans, designed to empower you to save efficiently while enjoying tax benefits. Our comprehensive services include tailored plan designs and expert Third-Party Administrators (TPAs) to guide you through every step of the process.

Plan Design Tailored to You

Our experienced team understands that every business owner has unique financial goals and circumstances. That’s why we offer customized plan designs to suit your specific needs. Whether you’re aiming to maximize contributions, minimize administrative burdens, or strike a balance between the two, we’ll craft a plan that aligns with your objectives.

Benefits of Owner-Only 401(k) Plans:

  1. Maximized Contributions: Take advantage of high contribution limits, allowing you to set aside substantial amounts for your retirement while reducing your taxable income.
  2. Tax Advantages: Enjoy tax-deferred growth on your investments, potentially lowering your current tax liabilities and providing more resources to invest for the future.
  3. Flexibility: Tailor your plan to accommodate fluctuating income levels or changing financial priorities, ensuring adaptability as your business evolves.
  4. Solo Investment Control: Directly manage your investment portfolio, empowering you to make strategic decisions aligned with your risk tolerance and retirement objectives.

Expert Third-Party Administrators (TPAs)

Navigating the complexities of retirement planning and compliance regulations can be daunting. Our team of seasoned TPAs specializes in Owner-Only 401(k) plans, providing comprehensive support to streamline plan administration and ensure regulatory compliance. From plan setup to ongoing maintenance, we’re here to alleviate the administrative burdens, allowing you to focus on what matters most – growing your business and securing your financial future.

Why Choose Us?

  • Experience: Benefit from our extensive experience in retirement planning and administration, coupled with a deep understanding of the unique needs of business owners.
  • Personalized Service: Receive personalized attention and support every step of the way, tailored to your individual circumstances and objectives.
  • Compliance Assurance: Rest easy knowing that your plan is in full compliance with IRS regulations, mitigating the risk of penalties or regulatory issues.
  • Peace of Mind: Gain confidence in your retirement strategy, knowing that you have a dedicated team of experts guiding you towards your long-term financial goals.

Take the Next Step Towards Financial Security

Don’t leave your retirement savings to chance. Explore the benefits of Owner-Only 401(k) plans today and take control of your financial future. Contact us to schedule a consultation and discover how our customized plan designs and expert TPAs can help you maximize your retirement savings while minimizing administrative hassle. Your retirement dreams are within reach – let us help you make them a reality.

Streamline Your Retirement Planning with Expert Form Preparation Services

Navigating the paperwork involved in retirement planning can be overwhelming, but with our expert form preparation services, you can breeze through the process with confidence. Our dedicated team is here to assist you every step of the way, ensuring accuracy, compliance, and peace of mind. Below are some of the key forms we can help you prepare:

1. 401(k) Plan Adoption Agreement:

  • Customize your Owner-Only 401(k) plan to meet your specific needs and preferences with our tailored adoption agreement services.

2. IRS Form 5500 Series:

  • Ensure compliance with annual reporting requirements by preparing and filing IRS Form 5500, Form 5500-EZ, or Form 5500-SF, depending on the size and structure of your plan.

3. Distribution Request Forms:

  • Facilitate seamless distributions from your Owner-Only 401(k) plan with professionally prepared distribution request forms, ensuring timely and accurate processing.

4. Loan Request Forms:

  • Simplify the loan application process for participants by providing them with professionally prepared loan request forms, complete with clear terms and conditions.

5. Beneficiary Designation Forms:

  • Help participants designate beneficiaries for their retirement accounts with professionally prepared beneficiary designation forms, ensuring their assets are distributed according to their wishes.

6. Plan Amendment Forms:

  • Stay ahead of changing regulations and business needs by preparing plan amendment forms to modify the terms of your Owner-Only 401(k) plan as necessary.

7. Participant Enrollment & Contribution Assistance:

  • Streamline the process for participants with professionally prepared enrollment forms, guiding them through contribution elections, investment selections, and beneficiary designations.

Why Choose Us?

  • Expertise: Benefit from our in-depth knowledge of retirement plan administration and IRS regulations, ensuring compliance and peace of mind.
  • Accuracy: Rely on our meticulous attention to detail and commitment to accuracy in preparing your retirement plan forms, minimizing the risk of errors or delays.
  • Efficiency: Save time and effort by outsourcing your form preparation needs to our experienced team, allowing you to focus on running your business and planning for your future.
  • Customization: Receive personalized service tailored to your unique circumstances and objectives, ensuring that your retirement plan forms meet your specific needs and preferences.

Take the Stress Out of Retirement Plan Administration

Don’t let paperwork stand in the way of your retirement goals. Trust our expert form preparation services to streamline the process and ensure compliance every step of the way. Contact us today to learn more and discover how we can help you achieve your long-term financial objectives with confidence.

Getting started is easy, just complete the solo 401K Plan questionnaire. You can download it and fax it to us at 540-670-2010.

Setting Up Your 401 K Plan Trust Account

We can help you setup your Trust Bank Account. When setting up your trust bank account you will need the following:

Have Employees?

No Problem! Let us design you a 401K plan that allows your employees to contribute for retirement. Ask us about the the 401(k) PS Safe Habor options. Download Brochure



Funding your Retirement Account with Life Insurance & Annuities.


JOIN OUR SALES TEAM!

Join the elite ranks of SCG Financial, Inc Business Advisors. Secure your spot by scheduling an interview today! Unleash your potential and embark on an exciting journey with us. We can’t wait to discover the exceptional skills and passion you bring to our team. Let’s make tax season extraordinary together – book your interview now

Visit SCG Financial’s local branch office.

Disclaimer

SHALOM IS NOT A LAW FIRM OR AN INVESTMENT ADVISORY FIRM AND DOES NOT PROVIDE LEGAL ADVICE OR INVESTMENT ADVICE. OUR DOCUMENT PREPARATION SERVICES ARE EXCLUSIVE FOR EMPLOYER PLAN SPONSORS, THEY ARE MEANT PURELY FOR ADMINISTRATIVE AND COMPLIANCE REPORTING PURPOSES. THE MATERIALS AND SERVICES ARE NOT SUBSTITUTES FOR THE ADVICE OF AN ATTORNEY OR AN INVESTMENT ADVISOR.

NO ATTORNEY-CLIENT OR INVESTMENT ADVISOR-CLIENT RELATIONSHIP IS CREATED THROUGH THE USE OF OUR SERVICES. ANY AND ALL COMMUNICATIONS BETWEEN YOU AND SHALOM ARE PROTECTED BY OUR PRIVACY POLICY BUT NOT BY ATTORNEY-CLIENT OR INVESTMENT ADVISOR-CLIENT PRIVILEGE.