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RETIREMENT PLANS
401(K)
401(k) plans are Profit sharing plans that allow employees to contribute pre-tax dollars through payroll deduction.
Employers may contribute matching and profit sharing contributions up to
25% of total eligible compensation. Recommended for
single-employee businesses to very large employers.
SIMPLE
401(k)-type employer sponsored plan in which all deferrals and the employer contribution are deposited in a SIMPLE IRA for each employee. Recommended for smaller employers.
IRA
Both Traditional IRA and Roth IRAs are available.
Profit Sharing
The profit sharing plan allows a maximum contribution of 25% of total eligible compensation, with the allocation based on the eligible employees' compensation. Recommended for highly compensated professionals and employers with smaller workforces.
Money Purchase
This is a defined-contribution plan with a contribution rate specified in the plan document. Prior to recent law changes, this type of plan was often paired with a profit sharing plan The maximum contributions 25% of total eligible compensation.
Defined Benefit Plan
Complex administration requires an actuary. Argent does not provide administration, but may serve as Trustee/Investment Manager.