Description
You’ve never heard of a 412(e)(3) pension plan? Don’t worry, you’re not alone. Although they have been authorized by the Internal Revenue Service for more than 30 years, even many practitioners don’t know about them. These are fully insured, defined benefit pension plans, known before 2008 as “412(i) plans”. They are well suited to meet the need for tax leverage present in many profitable small businesses. 412(e)(3) plans began to blossom after 1999, when key sections of the Internal Revenue Code were relaxed. Although the following pages will not turn you into an expert, we trust this report will reveal the tremendous opportunities inherent in 412(e)(3) plans. If you are interested in learning more about this evolving subject, we would like to hear from you.
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