SM

Thank you both for your quick replies!

I have a self employed client that has DB/DC combo plan. They are maxing out their deferral and contributing 6% to the profit sharing account and putting 200k into the DB plan. He asked if they can also contribute after-tax money with the intent of a Roth conversion. For example; Client is 58 Client's earned income is $800,000 He contributes $27,000 in 401(k) deferrals The company makes a 6% Profit Sharing on $305,000 or $18,300 The company makes a defined benefit contribution of $200,000 Can he contribute an additional after-tax contribution to the 401(k) plan of $22,200 ($67,500 - ($27,000+$18,300))? .

Hi Minnesota Planner, I started my TPA in 1994. I have acquired a couple of small TPA firms over the years and I am very interested in speaking with you. I always keep the employees on after an acquisition. You can e-mail me at smullady@heritagepension.com or call me at 646-651-1975. Be well! Scott Mullady Heritage Pension Advisors, Inc.

An alternative to acquiring a firm is to work with a company that creates a private label for your firm. We provide daily valuation and third party administration for a couple of banks and the clients don't know we exist. The website and statements will have your information and logo and we can be your back office. No capital requirement or employees to manage. If you are interested, give me a call at 646-651-1975. Scott

I would be interested in speaking with you. We have made a couple of acquisitions over the years that have gone very smoothly. Please call Scott at 646-651-1975.