Defined Benefit & Cross-Tested Profit Sharing Plans


We offer advanced plan designs for employers who wish to make greater contributions or allocate contributions in a specialized manner not generally available under traditional profit sharing plans. Defined benefit plans frequently allow older plan participants the ability to accumulate a large retirement asset over a short period of time. These plans are ideal for sole proprietors or small business owners with a need for larger deductions above the profit sharing plan limitations. Cross-tested profit sharing plans allow employers to designate different levels of contributions for specific groups of employees and are best suited to situations where the business owners wish to maximize contributions for certain participants. These plans may be used in combination with other qualified plans and, in certain instances, may also be used with a 401(k) plan.

For more information, please contact:

Richard L. Green, CPC, QPA, QKA, APA, ERPA
Therese S. Cheevers, APA, ERPA

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