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The Protection Plan


In today's business environment it's more important than ever to recruit, reward and retain top talent for the long-term success of a business and have a plan for a real retirement for the business owner and the employees and their families .

One way to do this is by offering a benefit that address a key concern of management and their employees.

40% of business owners have no retirement plan. 45% of American's have no retirement savings. The typical American has saved only $5,000.00 dollars and the average couple in their late 50's & early 60's have less than $17,000.00 saved.

Business owners and individuals turn to THE  PROTECTION PLAN because the Internal Revenue Code ("IRC") and the Employee Retirement Income Security Act of 1974 ("ERISA") place contribution limits on 401(K) and other qualified plans.

401(K) and other qualified plans must meet stringent requirements for nondiscrimination, participation, vesting and reporting. They have expensive annual maintenance fees and high plan expenses.

401(K) plans do not provide equitable treatment for High Income Earners (HIE) because statutory limits cap the amount that can be contributed to a 401(K) plan at $18,000.00 making it impossible for (HIE) to reach their desired retirement income goal creating reverse discrimination and a retirement income gap.

Jim Griffith, CEO, MBA