Compensation Strategies Group, Ltd.
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|Case Study: Comparing Defined Contribution Plan Designs|
Retirement Management Services, LLC
Jan. 5, 2021
"The owner was willing to spend on staff an amount equal to 5.0% of their total combined payroll. In this case, a cross-tested plan with 401(k) safe-harbor features was the best design. The results show the differences that can be obtained from various plan designs. The best design for any given situation will vary depending on employee ages and salaries, as well as company objectives."
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