Taxes

• Income Tax
  A traditional 401(k) plan can be adopted by sole proprietors, corporations, partnerships and most non-profit organizations. A 401(k) plan allows employees to defer income from each payroll check and contribute those deferrals to their retirement plan account. Employee contributions are made before federal income taxes and grow tax-deferred until withdrawal. Employers can also make discretionary matching contributions to the plan on behalf of their employees. These contributions can be made subject to a vesting (ownership) schedule and certain other service requirements. Traditional 401(k) plans are subject to special non-discrimination testing that often limits personal plan contributions by the business owner and certain other Highly Compensated Employees. A Safe-Harbor 401(k) Plan design offers relief from this potential problem. Learn more.

Investment

• Mutual Funds
  American Funds in one of the nation’s oldest mutual fund families, serving investors since 1931. They also do retirement plans is a big way with over 350,000 plans and 2 million participants nationwide. InWest partners with American Funds using both its Recordkeeper Direct and PlanPremier TPA platforms.

Planning

• Retirement Planning
  Credentialed ASPPA members have committed a minimum of three years of study, rigorous examinations and actual practice to become highly skilled specialists in their respective areas of retirement planning. ASPPA’s extensive credentialing program has a reputation for excellence and includes continuing education requirements to ensure ongoing high standards of performance. In addition, ASPPA’s strong Code of Professional Conduct, subscribed to by all ASPPA members, is a cornerstone of the organization.