This is a good time to start a qualified pension plan.
Certain combined plan limits are repealed effective in 2000. This is an opportunity for participants who have or have had a Defined Contribution plan to start a Defined Benefit plan especially for those over age 45. In many cases it is advantageous to get a head start by starting the DB plan in 1999. This must be done prior to the end of the year.

In order to encourage qualified retirement plans congress has
provided favorable tax provisions for these plans. Tax deferred
accumulation during the build up period and tax favors during the
pay out period make these plans attractive, especially for small
employers. The tax savings on a plan can often exceed the cost of
providing benefits to the rank and file employees. Tax deferred
accumulations in these plans can result in attractive wealth build
up for the working owner of the Company.
These plans provide employees with a retirement benefit at
retirement and therefor attract better employees and an
incentive for all employees covered by these plans.

The best plan for you depends on many factors.
How big your company is.
What the main objective is.
What plans you have had in the past?
How much you can budget for the plan?
Does it need to stay relatively stable or do you want to change the
amount from time to time?

We will be glad to review your current plan and/or advise about a new plan. It would help if you send
us your Company's census consisting of each employees:
Date of birth, date of hire, salary, hours worked by
category(under 500 hours, 500 to 999 hours, and 1000 or more), union or not. Let us help you choose the type and kind of plan for your Company.



Defined Benefit
Money Purchase
Profit Sharing or
401(k) Plan


Please call\fax us at 718 898 1017 or

e mail to [email protected]


last updated 12/8/99 0:26 by a.t.