May 28, 2020 10:00 am - May 28, 2020 11:00 am
Presented by GROWFL, a FloridaMakes partner.
Before COVID-19 the company retirement plan was viewed as a necessary overhead expense to attract and retain talent. Generic, commodity style plans permeated the industry and no one was discussing how the plan could be weaponized to mitigate tax and enhance net worth for owners. Post-Covid, business owners have tremendous revenue and demographic uncertainties and their current plan is now a financial risk.
In this webinar, we will cover foundational concepts and governing deadlines of how to amend the different commodity plan types to cut costs and hedge against revenue uncertainty in 2021. We will then show how entrepreneurs that utilize a customized plan have more flexibility/predictability in their employee match AND can shelter distribution income from tax. Finally, we will analyze the difference between proprietary mutual funds vs institutional class mutual funds and chart the difference in return between the two when the market drops the way it did in March.
Alexander Jenkins, Vice President, NestEggs Retirement Plan Services
About NestEggs Retirement Plan Services:
NestEggs is a boutique, bundled provider of customized 401(k) and pension plans. For 22 years they have served as Third Party Administrator, Record Keeper, and SEC Registered Investment Advisor for hundreds of small to medium-sized businesses. Their core belief is that the commodity, "check-box" plans that permeate the industry are a disservice to business owners. The founder of NestEggs authored a textbook about how to weaponize Qualified Plans for entrepreneurs to create large tax deductions and enhance net worth. That book was previously used by The American College of Financial Planning in their CFP curriculum. Serving as fiduciaries, NestEggs is a single point of contact solution for businesses that want a plan tailored to their unique needs and robust investment advising support for their employees.