Little Rock Attorney for Retirement Plan Matters
As a small-business owner, are you interested in decreasing your income taxes, increasing your retirement savings, and protecting your assets? At Fletcher Law Firm, P.A. in Little Rock, we can work with you to help you to choose, create, and administer an IRS approved retirement plan which can help you accomplish these goals.
Fletcher Law Firm, P.A.
1-866-771-0469 | e-mail
Better Planning, Better Results
All tax-qualified retirement plans are categorized as either defined contribution or defined benefit. Depending on the company's goals, employers may choose one type or a combination of the two. At Fletcher Law Firm, P.A., our legal team, works with both types of plans which is quite rare.
Defined contribution plans focus on the amount contributed to the plan today. The amount of the contribution is generally a percentage or fixed amount of the compensation of each employee eligible to participate in the plan. Examples of this type of plan include the 401(k), profit sharing, or money purchase pension plan.
Defined benefit plans focus on what an employee will receive once attaining a fixed retirement plan. An example of this type of plan is a traditional pension plan or cash balance plan. The advantage of the defined benefit plan is that contributions can often be much higher then with a defined contribution plan. Because this type of plan creates future funding obligations for the business, the plan is generally used by businesses who can afford it and who do not mind guaranteeing a stream of income for owners and a few employees.
At Fletcher Law Firm, P.A. we will work with you and your business advisors to determine the right type of retirement plan or combination of plans for your business and your employees. We can handle all of the paperwork, administrative processes and compliance review for you to ensure that your business is operating in accordance with the IRS Tax Code and the Department of Labor laws.
Contact Fletcher Law Firm, P.A. today.
Fletcher Law Firm, P.A. is located in a nationally registered historic building near the corner of Second and Chester Streets in downtown Little Rock, just blocks from the courthouses, Old State Capitol, and the Clinton Presidential Library. Plenty of free on-street parking is available. Please contact us today to discuss your small-business needs. Call 1-866-771-0469 or e-mail our office.
Fletcher Law Firm, P.A.
1-866-771-0469 | e-mail
Better Planning, Better Results
