A new plan, ExpertPlan OnePersonPlus, is designed for sole proprietorships and micro-market businesses (one to five employees) seeking to contribute $100,000 or more of pre-tax income and take advantage of significant tax savings, according to a press release. Contributions can be two to three times higher than those typically found in a SEP or 401(k) program.
ExpertPlan OnePersonPlus plans will be sold and administered by Dedicated Defined Benefit Services, a San Francisco-based company focusing exclusively on helping advisers and financial institutions offer defined benefit plans to high-income small business owners. ExpertPlan will handle the recordkeeping services.
More information is available at www.ExpertPlan.com.