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It's All About the Plan Design

Transcript: 

As you consider funding your business, the team at Benetrends will help you evaluate options other than the simple rollover process provided by many firms in this industry. Depending upon your individual situation, it may be best for you to use a combination of business loans and retirement plan funds to start your business.

These types of decisions have bearing on how quickly your business will arrive at breakeven or profitability, or how great your debt expense will be. It's our goal to help you use your retirement plan to Succeed in Business both now and in the future.

For instance, you might roll over all of your current retirement plan funds into the new retirement plan, but only use a portion of them to invest in the new Company's stock. The benefit of doing so is to provide your business a cushion for later, in the event that you need additional working capital.

Down the road, if your company needs a capital infusion, it may not be easy to get a business loan at that time. If you carefully direct your funds at the time of the rollover, you can purchase additional stock later for just that type of capital infusion. Benetrends is an expert in this area. 

And remember, at the core of each Rainmaker plan is an operating qualified retirement plan to be used by you and your employees to save for your retirement. It's the qualified retirement plan and the rules that govern the plan that allows the investment of rollover funds in your business.

At Benetrends, we create and administer retirement plans for companies with thousands of employees and for companies with fewer than five employees, and we provide each and every one of those corporations with the same level of individualized, sophisticated plan design.

Well, you may find that other companies sell a specific type of plan like a 401(k) or 401(k) plus profit sharing plan, Benetrends doesn't sell off the shelf or “cookie cutter” plans. You'll begin our process with a comprehensive interview with a retirement planning specialist. This specialist will help design the very best retirement plan for your particular situation, which may include any combination of plan features.

Our goal is to design a plan that provides you the maximum benefits and to consult with you and educate you regarding exactly what those benefits are.

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Our Pledge to You

Our mission is to make every Benetrends client our champion. For over 35 years, our Rainmaker Plan® has been tested and proven to work, providing a means for more than 17,000 entrepreneurs to achieve their dreams of business ownership, creating both jobs and prosperity. We are so confident in the Rainmaker Plan design that we stand fully behind our work, backing every client with our Rainmaker Guarantee.

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Information provided by Benetrends Inc. is not intended to be used as legal or accounting advice, or as the sole basis for investment decisions, nor should it be construed as advice designed to meet the particular needs of an individual investor. Please seek the advice of legal or tax professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
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