For success, all it takes is the right plan.
But how do you know if you have the best plan for you and your employees?
Benefit Equity, Inc. is a Southern California-based financial services partner for top financial advisors and successful small and mid-sized business owners who want help in designing custom, worry-free and secure retirement plans with maximum tax benefits.
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Custom Retirement Plans
Your small business is unique with regard to its purpose, goals and ultimately what it accomplishes, so your retirement plan needs to be tailored to your objectives. Working with you and your trusted advisors, Benefit Equity consultants are dedicated to developing a strategic plan that embodies the culture and philosophy of your business.
Benefit Equity believes 401(k) plans should be easy for you to maintain and provide employees with a good experience. We provide high quality education and investments with some of the lowest fees in the industry.
We make it easy for employers to maintain a 401(k) plan; we offer payroll integration, managed accounts, fiduciary protection and a dedicated plan consultant—not a call center.
Our financial partners answer your employees’ two most important questions:
- How much do I need to save to get to my retirement goal?
- Where should my money be invested to meet my objectives?
There are many plan design considerations that help make a successful plan. Benefit Equity will design the best plan for YOUR company.
Defined Benefit & Cash Balance Plans
These pension plans are fully paid for by the employer with NO investment risk to employees.
These plans are based upon accumulating a stated amount of money at retirement. Based on the amount you want to budget, we’ll determine the best annual payment or contribution.
By their very nature these plans favor older more highly compensated employees. Companies looking for larger tax deferred savings choose these plans in conjunction with their 401(k) plan.
Profit Sharing Plans
Profit Sharing plans have flexible contributions and can be self-directed similar to 401(k) plans.
Each year the employer decides how much to contribute to the plan. In many cases plans are designed to allow for classifications of employees. You can reward employees based upon their position in the company.
These plans are paid for by the employer and often used in conjunction with 401(k) plans. 401(k) plans are limited to $18,000 (plus $6000 catch up for those age 50 and over). Profit sharing plans have a higher contribution limit. A maximum of 25% of compensation or salary not to exceed $53,000 (plus catch up).
Retire Your Worries (The Blog)
Reitre Your Worries (Our Blog)
According to a new survey from Bank of America Merrill Lynch, more than 60 percent of employees said they are contributing less to their 401(k) plans due to using health costs. “Financial stress caused by rising health-care costs is affecting other goals people have, like retirement,” said Kevin Crain, head of workplace financial solutions […]
FOR IMMEDIATE RELEASE SANTA ANA, Calif., May 17, 2017 – Local retirement plan administration firm Benefit Equity, Inc., announced today that it has hired Peter J. Manning as the company’s new Sales/Pension Consultant. “The last sales representative we hired was me in 1995—and that has worked out pretty well,” said Michael Gorelick, president, Benefit Equity, […]
One of the ways Benefit Equity helps to retire your worries is by working with some of Southern California’s top financial advisors. We define top advisors as individuals who focus on Group Retirement Plans and are exceptional with regard to customer service. Today, we’re learning a bit more about Jack Brkich of JMB Financial Managers, Inc. […]
Tom Sightings, author of You Only Retire Once and blogs at Sightings at 60 may be fearless. When the rest of the media and world preaches the gospel of doom re: retirement, he sees the sunny side. Here’s why he says we/you should’t fear life without a steady paycheck:hould’t fear life without a steady paycheck: You may […]
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Retirement Plan Trends
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Meet Our Team
Michael I. Gorelick, APR President – Senior Pension Consultant