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About SuccessDB
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SuccessDB provides a great opportunity for owners of small businesses with 2 - 10 employees to accumulate a significant tax-defered retirement account. These plans may allow much larger contributions than profit sharing, SEP, SIMPLE and 401(k) plans.
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Why Choose SuccessDB? |
| Easy to set up and operate. These plans are easy to set up and operate. Our trained consultants guide you every step of the way. |
| Rapid asset accumulation. Contributions are generally much higher than 401(k) contributions – up to $150,000 or more each year. Asset accumulation can exceed $2 million at retirement. |
| Contrbute more by adding a 401(k) Plan. SuccessDB can be combined with a 401(k) plan allowing participants to choose to make additional contributions through 401(k) deferrals (in some cases up to $18,000 in 2005). |
| Tax Savings. Get immediate tax savings. Contributions are tax deductible, and all growth is tax-deferred. |
| Creditor protection. Assets in a SuccessDB plan enjoy ERISA protection. |
| Flexible investment options. You and your financial consultant choose the investment strategy that is right for you. |
| IRS approved documents. You can use our prototype plan documents that have been pre-approved by the IRS. |
How much does it cost? |
| One-Time Setup Fee. The One-Time Setup Fee, including document services is $1,500. |
| Annual Ongoing Fee. The annual administration fee is $1,500 plus $100 per participant. |
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PLAN COMPARISON
How does the SuccessDB Plan compare to other plans for small businesses?
SoloDB PLANS
We offer a special defined benefit program for owner-only businesses called SoloDB. Click below to learn more about how this can benefit you.
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