A tax-free retirement savings plan intended for small business owners where funds are administered exclusively in life insurance or annuity contracts. There is no limit on contributions that must be funded by an insurance company who guarantees all benefits. The 412(i) plan is ideal for firms with less than 10 employees.
Related information about 412(i) plan:
- 412(i) Plan Definition | Investopedia
A defined-benefit pension plan designed for small business owners in the United States. This is a tax-qualified benefit plan, so any amount that the owner ...
- 412i Plans | 412(i) Defined Benefit Plan Advisors | 412i-plans.com
What is a 412(i) Plan? A 412(i) is a defined benefit plan that uses a life insurance annuity table and assumptions. This plan provides a substantially higher tax ...
- 412 412(i) Basics - Defined Benefit 412(i) Retirement Plan Basics ...
A 412(i) plan is a Defined Benefit retirement plan, the funding requirements of which fall under IRC Section 412(i). If a plan meets the requirements of this ...
- Section 412(i) Plans Still Viable Under Recent Regulations
Like any defined benefit plan, an IRC section 412(i) plan is a qualified employer- sponsored retirement plan that provides an employee with a specific retirement ...
- Advanced Corporate Planning presents 412(i) Plan FAQ's
For example, assume that you are 55 years old with a Normal Retirement Age of 65, or 10 years to NRA, and that $100,000 is needed to pay for the promised ...
- 412(i) Pension Plans and Defined Benefit Plans
"An important difference between a traditional defined benefit plan and a 412(i) plan is that because insurance is used to fund the plan, a small business owner ...
- Price&Farrington, PLLC - The 412(i) Defined Benefit Pension Plan
What are benefits of the 412(i) plan for me and my company? The 412(i) plan is appropriate for a business owner who would like to take advantage of generous ...
- 412(i) Plans, Inc. - Your Complete Source for 412(i) Planning
Oct 2, 2012 ... Welcome to 412(i) Plans, Inc. This web site will allow you to find out more about our firm, how to request an illustration, or just learn more about ...