All retirement plans are developed with superior service and low cost as the primary objective for Topper's clients.
401k
Topper will assist you in setting up, administering, and managing a 401k plan that fits your needs at a compellingly low cost. We would be happy to do a comparison of your current plan with ours. All our costs are fully disclosed to you, so you know exactly what you are paying for.
Simplified Employee Pension (SEP) IRA-Employer Contribution Funded
A SEP is a written plan that allows an employer or self -employed individual to make contributions toward his own and employee's retirement plans without some of the other more complex arrangements. The contributions are made to a traditional individual retirement account (IRA) of each participant of the plan.
Some key advantages of this arrangement are: 1. very low cost to administer, 2. relatively decent sized contribution limit. 3. contributions are discretionary.
Some key disadvantages are: 1. contributions must be made to all eligible employees and paid by employer, 2. no loans on balances, 3. employees cannot contribute.
SIMPLE IRA--Employee Salary Deduction Funded
A SIMPLE plan is a tax-favored retirement plan that certain small employers including self-employed individuals can set up for the benefit of their employees. Employees can make salary deferral contributions.
Some key advantages of this arrangement are: 1. very low cost to administer, 2. employer need only match up to 3% of employee contributions. 3. company can have up to 100 employees.
Some key disadvantages are: 1. no loans against balance, 2. relatively smaller contribution maximum compared to other business retirement plans.
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