back next home contents
To sweeten the pot even more, let's take a look at a second suggested illustration for a Safe Harbor 401(k) (Matching) with an Integrated Plan (Profit Sharing). Notice by adding the Profit Sharing component how much more each employee has in total contributions.

In fact, notice that both lawyers can defer the maximum IRC Section 402(g) limit of $15,500 plus the additional $5,000 catch-up contribution for being over age 50 with their contributions totaling $50,000. That should meet their stated needs of contributing the maximum amount allowed for them.


Back to Top | Next

Ohio National is not affiliated with, nor does it endorse or sponsor, any particular prospecting, marketing or selling system.

153