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Concurrent Session Onsite and Online

PFP2333. Pension/Profit Sharing Plan Ideas for Small Business

There are currently about 6.1m business owners with employees, 625,000 401 (k) plans in place, and about 25,000 cash balance plans. The common nexus to America's business owners is the CPA. In this session, you will learn simple language that will transform the conversation from a conversation around top-line numbers into a process of simple steps to follow to help clients understand the opportunities to engage with you around their retirement plan, how the plan can help your client create programs that are custom tailored to their corporate culture, and how, after years of building a practice, the business owner can finally start to save for retirement in a meaningful way. Discussions focused on what is important to the business owner transform the understanding and the potential for meaningful savings, tax deductions, and contributions to employees.

Learning Objectives:

  • Use the Retirement Plan Cake to reveal significant tax deductions for business clients to integrate retirement plans into their company to complement company culture.
  • Reframe the conversation of employee contributions costs into practical bottom line costs.
  • Simple steps that may transform retirement plans for participant outcomes.
  • Gain knowledge around how key aspects of the Retirement Plan Cake fundamentally transforms low income and minority communities to help achieve today's discussions around Diversity, Equity, and Inclusion by taking advantage of tax and regulatory incentives.
CPE Credits
NASBA Field of Study
Specialized Knowledge
4-5+ years in the Profession
Advanced Preparation
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