Business Solutions

From setting up a 401(k), SEP IRA, SIMPLE IRA or other type of qualified plan to help you and your employees save tax-advantaged dollars for retirement, to benchmarking or reviewing your current plan or company structure, to plan implementation and ongoing management, individual employee consultation and more, PCIA North Texas can help. As an entrepreneur, you have more tax-advantaged opportunities to plan for your own retirement and provide benefits to your employees at the same time. Let’s discuss your business structure and the possibilities that exist within that structure to plan for the retirement that you desire for yourself and provide benefits to attract and retain excellent employees.

According to the Department of Labor’s Employee Benefits Security Administration, your company can convert its traditional pension plan benefit formula to a new cash balance pension plan benefit formula as long as all IRS rules are followed. PCIA North Texas can help you….

Benchmarking during the initial planning process involves a thorough review of what type of company retirement plan might most benefit your organization based on its structure and executive and employee makeup. Later on, ongoing benchmarking will require a regular examination of service providers, the funds included in your plan’s menu, and fees being paid so that as the employer or “plan sponsor,” your fiduciary duties are being met. At PCIA North Texas, we will help you ensure that your retirement plans are compliant and that they are performing in a way that will help you achieve your tax-advantaged retirement goals for yourself as well as your employees, whether you have a 401(k), SEP IRA, SIMPLE IRA or some other type of qualified plan.

There are advantages and disadvantages in providing qualified versus non-qualified retirement plans in the workplace. PCIA North Texas helps business owners by….

With an executive bonus plan, a business owner can potentially use tax-deductible company funds to selectively provide additional benefits to key people, which can be a valuable tool to attract and retain high-performing executives. Giving your best people “golden handcuffs” can be accomplished using permanent cash value life insurance which can be used in retirement, or in other ways. At PCIA North Texas, we can help you evaluate all the tax ramifications to you and your executives, examining the pros and cons, considering vesting schedules, employer controls, estate planning impacts, and exploring variations that might best suit your situation.

You’ve worked hard to build your own company, so don’t leave your exit plan to chance. If you want to sell your company someday, its valuation will be at the center of your succession plan. Keep in mind that having an exit plan in place is critical to protecting your employees and your family, who could be devastated by your untimely and unexpected loss. Let us help you with any number of possibilities to help ensure business continuity, from key person life insurance, a buy-sell agreement with partners, or other business succession strategies to help ensure an easy transition in any eventuality, including financial means for you if you choose sell and retire.