|
What
kind of owners benefit:
|
•
|
Older
highly compensated owners, especially those with younger
lower compensated employees.
|
| • |
Also
owners who have accrued a large benefit in a previous
defined benefit plan. |
| |
|
| The
employer who finds this plan attractive is one who: |
| • |
Desires
to fund for a projected retirement benefit similar to a
defined benefit plan, but provide it in a defined
contribution plan. |
| • |
Realize
that the maximum any participant may benefit is limited to
$30,000 per year. |
| • |
Realizes
the contribution is required every year and is not
discretionary. |
