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MBE Wealth Management

 

In the corporate retirement plan market, we offer the competitive advantage of being an independent, fee-based, registered investment advisory firm. That means we are not limited by any single 401(k) platform. Instead, we have access to the full universe of corporate retirement plan providers so we can find the most cost-effective, suitable plan for you.   At MBE Wealth Management, we will not sell you a proprietary platform and we have no allegiance to any one company. We have the ability to shop all providers to ensure our clients get an appropriate corporate retirement plan for their unique goals and preferences.

 

Business Retirement Plans

 

SEP IRA

A SEP plan allows employers to contribute to traditional IRAs (SEP-IRAs) set up for employees. A business of any size, even self-employed, can establish a SEP.

  • Easy to set up and operate
  • Low administrative costs
  • Flexible annual contributions – good plan if cash flow is an issue
  • Employer must contribute equally for all eligible employees
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    SIMPLE IRA

    A SIMPLE IRA plan (Savings Incentive Match Plan for Employees) allows employees and employers to contribute to traditional IRAs set up for employees. It is ideally suited as a start-up retirement savings plan for small employers not currently sponsoring a retirement plan.

  • Easy and inexpensive to set up and operate
  • Employees share responsibility for their retirement
  • Inflexible contributions: Employer must contribute; employee may contribute
  • Lower contribution limits than some other retirement plans
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    SOLO 401(k)

    A Solo 401(k) is a traditional 401(k) plan that covers a business owner with no employees, or the business owner and his or her spouse.

  • Owner can contribute in the capacity of both owner and employee
  • Employer contribution generally deductible as a business expenses
  • Typically more complicated than IRA plans – may require an administrator to assist
  • Potentially more expensive than IRA plans
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    SMALL BUSINESS 401(k)

    A 401(k) is a feature of a qualified profit-sharing plan that allows employees to contribute a portion of their wages to individual accounts and potentially receive employer-matched contributions.

  • Employer contributions made on behalf of employees are generally deductible by the business
  • Available plan designs to automatically meet IRS testing requirement
  • Administrative costs may be higher than under more basic business retirement plans
  • Discrimination testing can present additional difficulties for administrator
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