Profit Sharing Plan CASE STUDY
Employer (Dentist) Integrated vs. Age Weighted Profit Sharing Plan
| Participant |
Age |
Salary |
Existing Plan
Integrated PSP
Contribution |
Proposal
AW PSP Contribution |
| Dentist |
55 |
$170,000 |
$21,173.58 |
$22,016.22 |
| Mrs. Dentist |
56 |
$42,000 |
$3,618.69 |
$5,901.65 |
| Employee 1 |
29 |
$14,982 |
$1,290.84 |
$449.46 |
| Employee 2 |
26 |
$18,425 |
$1,587.49 |
$552.75 |
| Employee 3 |
40 |
$11,600 |
$999.45 |
$441.91 |
| Employee 4 |
41 |
$15,436 |
$1,329.95 |
$638.01 |
| TOTALS |
|
|
$30,000 |
$30,000 |
Case studies described are not representative of the experience of all investors and do not offer any guarantee similar results will be achieved.
NOTE:
ALL information contained in this site is for illustration purposes only, and by NO means should be considered individual tax or legal advice under any circumstances whatsoever!
Lynn R. Siewert AIMC
Pension Consultant | Branch Manager
CA Insurance License #00B00579
2005 E. Evergreen Blvd
Vancouver, WA 98661
Ph: 360-750-9626
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First Allied Securities, Inc. Member FINRA/
SIPC
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