Who is Eligible?
Quick Eligibility Test
OnePersonPlus® isn’t right for everyone.
Here’s a quick test to find out if it’s right for your client.
- Is your client 35+ years of age?
- Does client typically earn at least $100,000 annually in one of these ways?
- Owns a business with 5 or fewer permanent employees, including the owner
- Is self-employed as primary means of earning a living
- Has a second occupation in which client works for himself or herself
- Is considered an Independent Contractor rather than an employee
- Does client want to contribute more than $50,000 annually to their retirement or a higher percent of income than allowed in a 401(k)?
- Does client expect to be able to make that contribution for at least three years?
NOTE
S-Corps and LLCs taxed as S-Corps
Only compensation that appears on the client’s W-2 counts as Client Income for purposes of determining the client’s contribution. For example, if a client receives his or her entire income as dividends from an S-Corporation, the client will not qualify to contribute to a retirement plan. Click here to learn more about eligible compensation.
If you have questions about a specific client, call the Retirement Plan Specialists at Dedicated DB
Some Occupations that
Might Qualify
- Architect
- Attorney
- Consultant
- Contractor
- Dentist
- Entrepreneur
- Financial Planner
- Graphic Designer
- Independent Corporate Director
- Independent Insurance Agent
- Manufacturer’s Rep
- Mortgage Broker
- Physician
- Real Estate Agent
- Software Developer
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.
© 2020 Dedicated Defined Benefit Services, part of FuturePlan by Ascensus. All Rights Reserved.
OnePersonPlus is a registered trademark of Dedicated Defined Benefit Services.