|
What
kind of owners benefit:
|
•
|
All
owners but especially younger owners with older employees.
|
| • |
Also
owners who have already accrued a large benefit in a
previous defined benefit plan. |
| |
|
| The
employer who finds this plan attractive is one who: |
| • |
Prefers
to have contributions be discretionary so that no
contribution is required if he doesn't want to. |
| • |
Is
happy with a maximum benefit to any individual participant
of $30,000 per year. |
| • |
Desires
to keep administrative costs lower. |
| • |
Can
be satisfied that the overall contribution is limited to
15% of aggregate compensation.
|
