CBC Retirement
Strategies WE know to Make YOUR Retirement Plan Work for YOU
Matching
Traditional matching can range between 0% and 6%. While there are specific parameters for safeharbor plans that range between 3.5% and 6%, outside of safeharbor you can do any matching formula you’d like! Our team at CBC can consult with you to design a formula that accomplishes your goals
Profit Sharing
In Addition to traditional matching, company profits can be distributed to owners and employees to maximize tax savings! CBC can run illustrations to show you how much you can put away and how much your employees will have to receive in exchange
Vesting Schedule
Both Matching and Profit Sharing can be subject to vesting schedules for employees based on your plan design. This means your employees only keep the matching or profit sharing you've given them if they are employed for a required service period. This can be either a 100% Vest after a certain period or a smaller percentage each year over a number of years
Interested in Seeing YOUR Numbers?
Using some raw census information, the team here at CBC can put together a basic illustration of your matching costs and possibilities through profit sharing and vesting. All we need is your wages, hire dates, and date of birth for your workforce. With this we can put together an illustration and make some recommendations for you, free of charge, just a few minutes of your time.