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Published on:

7th May 2022

412(e) defined defined benefit plan overview

Contribution Flexibility

Defined benefit plans allow higher contribution levels than defined contribution plans but along with that flexibility comes the requirement to meet minimum contributions.

Safe Harbor 401(k)s are designed to allow owners and highly compensated employees (generally owners and those making over $120,000) to contribute up to the maximum dollar limit as their 401(k) elective deferral without regard to what other employees contribute. The maximum deferral for 2019 is $25,000 if a participant is age 50 or over.

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Life Insurance is the flagship product of MKG Insurance Agency offers auto, home, health insurance and all types of life insurance including term life, indexed universal life, survivor-ship life, whole life, Disability, Critical Illness, Keyman, Buy-Sell Agreement, Return Of Premium, 412(e) defined benefit plans, 401K, IRA & Irrevocable Life Insurance Trust (ILIT) Contact us today for a free no obligation proposal 866-675-3933

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Marshawn Govan

MKG Enterprises Corp Third-Party Originator NLMS 1370394 is a diversified digital finance company focusing on serving low-income and moderate income communities while promoting equal and fair access to homeownership to first-time home buyers and existing homeowners FHA, Conventional, VA, Jumbo loans, Non Qualified Mortgage loans, DSCR.

The company provides mortgage loans, down payment assistance, auto, home, life insurance, secured personal loans and tax refund advances. The goal is to help underprivileged and underbanked families access credit to affordably finance auto loans, home improvements, home solar systems, down payments, investment and paying off debts.