Many elite earners who own their own business are unable to make a meaningful contribution for themselves into a combination of ERISA plans. Perhaps, ERISA coverage and contribution limitations prevent them from receiving a significant contribution based on their elite earning status
The Challenge: They are looking for a solution that will give them a significant deduction now and deferred income for later years.
The Solution: The Pass Retirement Plan Solution provides unlimited deferrals and complies with all Treasury Regulations for deferred compensation. It provides single or multiple contributions to an owner/employee with no ERISA employee coverage, contribution, or reporting requirements. A deduction is taken when contributions go into the plan and the owner/employee pays taxes when the deferred payments are received.
The funds may be invested for a market rate of return by a financial advisor or trust company approved by the owner/employee and based on their risk tolerance.