There’s Still Time to Save on 2023 Tax Liability!

Sponsoring a qualified plan provides a great deal of benefits to businesses including tax deductions, retirement savings and an increase in employee morale. While the 2023 year has come to an end, the window of opportunity is still open for business owners to establish and fund a qualified plan.

Following passage of the Secure Act in 2020, businesses have until their tax filing deadline (plus extensions) to establish and fund a qualified plan where the contribution is 100% employer funded such as SEP IRAs, Profit Sharing plans, 412E3 plans and more.

Many business owners are not aware these plans can still be established. Furthermore, many CPAs are also unaware of this extension and the benefits it can provide to their clients. Educating both business owner clients and the CPAs that support them about qualified plans, and the advantages that they can still offer, provides a valuable opportunity to further expand your business.

Get started!

National Life is here to assist in helping your client establish a qualified retirement plan.

Our Advanced Markets Team can discuss the various options that exist in this space and design a proposal for a plan that aligns with the goals and objectives of your business owner client.

To get started, download and complete this Qualified Plan Fact Finder; email the completed form to QPM@nationallife.com.