Business Owners

OnePersonPlus Offers Highest Allowable Contributions to a Qualified Plan, Huge Tax Savings

This small business defined benefit (DB) plan is an IRS-approved qualified retirement plan that allows high-income independent professionals and consultants, entrepreneurs, individuals with self-employment income, and small business owners to make large annual tax-deferred contributions, and accumulate as much as $1-2.6 million in just 5-10 years. The contributions are tax-deductible, and can potentially reduce income tax liability by $40,000 or more annually.

Defined Benefit Calculator

Run our Instant Do-It-Yourself DB calculator to see how much YOU or Your Client could save on taxes and add to retirement savings.

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RETIREMENT PLAN SAVING LIMITS*

For a Client Age 52 Earning $275,000

2018 plan maximum contribution limits for a 52 year-old, including “catch-up” contributions of $3000 for SIMPLE IRA, $6000 for 401(k).

The OnePersonPlus® DB plan is designed specifically to meet the tax savings and retirement income needs of people who are:

40+ years of age
Interested in contributing more than $50,000 annually to their retirement or a higher percent of compensation than allowed in a 401(k) or SEP
Able to make that contribution for at least the next 3 years
Earning at least $100,000 annually

Your contribution maximum is based on your age, income and years to retirement

Get Started Now! Plans must be opened by December 31!

We have simplified the process, and provide free consulting to help you decide if this is the right plan and the right time for you. Look below, or call us at 866.269.2706.

Step 1: Decide How Much You Want to Save

Each DB Defined Benefit Retirement Plan is unique, designed specifically to meet an individual’s retirement savings goals by answering these questions:

Are you trying to maximize your retirement wealth and tax deductions, or do you have a specific annual contribution in mind?
Where does your income come from, e.g., W-2 from your own business, consulting fees?
How many years will your income be high enough to sustain contributions?
Is your annual income stable or does it fluctuate?
Do you have employees, or are you planning to hire any?

When we understand your situation and retirement savings goals, Dedicated DB designs a plan and estimates what your annual contribution to a defined benefit or cash balance plan will be. Call one of our consultants now: 866.269.2706 to discuss your situation!

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Step 2: Estimating Your Contribution

DB will calculate your annual contribution to a OnePersonPlus® or OwnersPlus program based on actuarial formulas and:

Your current age
The average of your three highest consecutive years of income
Your planned retirement age – usually at least three years from plan adoption
The balances you have accumulated in your plan
Run an estimate for yourself right now!

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Step 3: Establishing Your Plan

Once DB has designed a defined benefit plan to meet your goals, you complete a Plan Design Questionnaire, and pay your set up fee. Then DB creates your legal plan documents and sends you documents to sign. This process can take a couple of weeks to complete.

Your Defined Benefit plan for the 2018 tax year must be set up by the end of the business fiscal year, generally, December 31st. Contributions are not required until the tax filing deadline with extensions, but no later than eight-and-a-half months after the end of the fiscal year.

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Step 4: Investment Account

When your DB plan is set up and you have a Trust ID, you open an investment account at any brokerage, mutual fund company or through a financial advisor. You (and your advisors) select and manage the investments. All Dedicated DB retirement plans are self-directed defined benefit plans. Dedicated DB does not manage your investments or charge any investment-related fees.

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Quicklinks

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Brought to you by:

OnePersonPlus defined benefit plans are supported by Dedicated Defined Benefit Services, (DB) part of FuturePlan by Ascensus. Dedicated DB is the only national company focused exclusively on helping advisors target, market, sell and service defined benefit pension plans for high net worth clients. As the "go-to" experts, we have established over 4,000 defined benefit plans for 1-5-person organizations. We specialize in retirement plans for high-income self-employed people, and welcome inquiries from individuals and small business owners who want to minimize their taxes and maximize their retirement savings. 866.269.2706.

Trusted by leading financial services companies including TD Ameritrade, Transamerica, Ameriprise, and hundreds of independent financial advisors and CPAs.