Bush Retirement Plan Services

Defined Contribution Plans


Profit Sharing Plans are non-pension plans in which the employer's contribution formula is discretionary. An employer is not required to have profits to contribute to the plan. The employer has many options in plan design on the allocation formula i.e., non-integrated, integrated and new comparability.

Section 401(k) Plans are arrangements that are included in a profit sharing plan but are more commonly referred to as section 401(k) plans. The types of contributions made to a section 401(k) plan are Elective Deferrals, Matching Contributions and Nonelective Contributions.

Safe Harbor 401(k) Plans are designed to satisfy certain conditions in order to pass the nondiscrimination testing requirements. This type of plan is beneficial to the highly compensated employees.

Solo(k) Plans are designed for the sole practitioner and owner-only businesses. The advantage of a Solo(k) plan is the participant loan provision, catch-up contribution and rollover provisions. Get started now, apply on-line for your Solo(k) plan.

BushRPS can design the plan that best suits your needs and goals. Contact us today via phone or e-mail to get started.