What do you do when the 401k plan isn’t enough? Excess plans are excellent investment opportunities companies can offer their key employees who find they are limited by how much they can put into their 401k plan. Excess plans are exceptional incentives for companies to reward and retain top executives. Excess plans are flexible and help to maximize savings opportunities. They are not limited to ERISA regulations.
Excess plans give highly compensated employees the opportunity to defer additional income on top of their maximum contribution into their qualified 401k retirement plan. On many excess plans, there are no discrimination testing guidelines and no contribution limits. The executive benefits professionals at Savage & Associates can work with you and your company to determine which excess plans may work for you.
Call 419-475-8665 or fill out our on-line request form for more information or to schedule an exploratory appointment with our experienced professionals at Savage & Associates.