The Tax Advantage Layer Cake
Adding a Cash Balance Plan to a 401(k) Profit Sharing Plan is the most effective plan to help significantly reduce business taxes, because it has much higher contribution limits. Contributions are tax-deductible, so they reduce business taxes and personal taxes; and they grow tax-deferred. Annual contributions in a 401(k) + Profit Sharing + Cash Balance Plan can be more than $330,000. (For owners 60 or older.)
Adding a Profit Sharing component to a 401(k) can help significantly reduce business taxes because this plan allows for employer contributions. Employer contributions are tax-deductible, so they reduce business taxes; and they grow tax-deferred. Annual contributions in a 401(k) + Profit Sharing Plan can be as high as $67,500.
A 401(k) Plan is an employer-sponsored retirement plan that comes with impactful tax advantages. Contributions made to the plan are deducted from taxable income, so they reduce personal taxes; and they grow tax-deferred. The individual annual contribution limit for a 401(k) plan is $27,000.
Case Study
Find out how a business owner can save over $111K in taxes annually and turbo-charge her retirement savings.
Tax Savings Calculator
See how much you could be saving with a 401(k) Plan, Profit Sharing and a Cash Balance Plan.
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Free Tax Savings Guide
What you need to know to unlock huge savings. This guide features information designed to answer your tax savings questions.
Hear From a Small Business Specialist.
Watch this short video from a Fisher small business specialist to learn how business owners can use IRS sanctioned strategies to reduce their tax burden and turbo-charge their retirement savings.
Plan Comparison
Why Work With Fisher?
Fisher redefines what it means to be a partner in retirement by providing superior guidance, unparalleled service and simple and easy program administration.
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Your Interests First
Incentive structures that are aligned with your success. No revenue sharing, no kick-backs or commissions. When you do better, we do better.
DIFY (Do It For You) Approach
Our servicing solutions focus on doing everything we can for you. From acting as a single point-of-contact for your plan to selecting your investments, we provide services that many other advisors can’t or won’t provide.
Superior Financial Guidance
As one of America’s top financial advisers, we work with you to build the optimal program and provide ongoing one-on-one financial guidance to maximize wealth generation.
Small Business Expertise
We specialize in small business retirement plans. As a result, we act as your advocate and have the knowledge, resources and clout to champion your needs.
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