Money Purchase Pension or Profit Sharing Plans are employer contribution plans that may be used by any size business, although larger plans (plans with more than a few participants) may want to consider a full-service provider, rather than this do-it-yourself product designed for self-employed business owners and other small companies. Many older Keogh plans are now either Money Purchase, Profit Sharing or both.
While the two (2) plans are similar in both only permitting employer contributions, Money Purchase Pension plans require annual contributions, while Profit Sharing Plans do not.
A Profit Sharing Plan may be a good choice for you if your company has variable profits, but you want to reward your employees by giving them a percentage of the company’s profits (although you may not need profits or employees to make contributions). Whereas, employers who want to commit to annual contributions may use a Money Purchase Plan.
Key Features include tax-deductible contributions for your business and tax-deferred growth potential, employers have the option to make contributions subject to a vesting schedule, and TD Ameritrade offers a prototype plan document and adoption agreement with IRS Opinion Letter and will provide 1099-R tax reporting for plan distributions.
Eligibility Requirements for Employee Coverage
Employees must be included in the plan if:
• They’ve been employed at the company for at least one year (or two years if the plan is always 100% vested)
o 1,000 hours or more during a plan year equals one (1) year of service. You can never require more than 1,000 hours of service in a year.
• They’re 21 years of age or older
• An employer can use less restrictive participation requirements than those listed above, but not more restrictive. For example, an employer can make all employees immediately eligible for the plan.
Set-Up and Funding Plans may be set-up and contributions made prior to the employer’s tax filing deadline, including extensions.
Employer must complete and retain the Summary Plan Description (SPD) and other plan documents in their records. Employees (if you have any) should receive a copy of the completed current SPD.
Contributions
• 2022 Tax Year: Lesser of 25% of employee compensation or $61,000
• 2023 Tax Year: Lesser of 25% of employee compensation or $66,000
這是開設SEP 退休賬戶所需的條件。 要詳細了解您與德美利證券的關系，請查看我們的客戶關系摘要。
下載、打印、填寫並在 2023 年 8 月 18 日之前返回這些表格：:
Consent to Transfer Your Account to Schwab
Participant Application and Designation of Beneficiary
Qualified Retirement Plan (QRP) Adoption Agreement (employers only)
QRP Plan Information Form
Account Transfer Form (optional)
保留這些文件作為您的記錄:
Client Relationship Summary
Qualified Retirement Plan and Trust: Defined Contribution Basic Plan Document (for MPP/PSP)
Qualified Retirement Plan Summary Plan Description
A Complete Guide to Establishing a Qualified Retirement Plan
Section 408(b)(2) Disclosure Summary
Client Agreement
Standard Retail Pricing: Commissions and Fees
TD Ameritrade Privacy Statement
Summary of Cash Sweep Program
請將表格發送給我們:
普通郵件:
TD Ameritrade, Inc.
PO Box 2760
Omaha, NE 68103-2760
隔夜郵件:
TD Ameritrade, Inc.
200 South 108 Ave.
Omaha, NE 68154-2631
傳真: 1-866-468-6268
我們將在收到表格后的 1-2 天內處理您的申請，如果我們需要更多信息，將會與您聯系。 新的德美利證券 SEP退休賬戶 將不再對 2023 年 8 月 18 日之后收到的表格開放。
雇主：8 月 18 日之後，德美利證券將不會開設新計劃。 嘉信理財目前不接收新計劃。
