New Comparability

New comparability plans are defined contribution profit-sharing plans that divide employees into groups. Contributions are allocated within each group according to age and compensation. Generally, higher rates of employer contributions can go to highly compensated employees in a new comparability arrangement vs. a stadard allocation formula. A plan is a qualified plan only if the contributions or the benefits provided under the plan do not discriminate in favor of highly compensated employees.

Goldleaf Partners provides you with expertise in new comparability plan administration. We keep you in compliance and deliver a first-rate service experience.

Plan Advantages:

• Offers contribution flexibility of a profit-sharing plan.
• Maximize deductible contributions to select owners and key employees.