Brief Case
Pension Resource
Pension Resource

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Owner Only DB Plan Proposal Generator

First Year Possible Deductions

  1. Click Reset to clear the form, then enter your birth date, your company’s hire date, and the year you plan to start a DB plan.
  2. Provide your compensation history. Only the highest three consecutive years are required, but if you’re unsure, enter your full history. For sole proprietors, use your Schedule C bottom-line income; for others, use your W‑2 reported income.
  3. Click Calculate Possible Deduction to view your result. If you are a sole proprietor, be sure to check the corresponding box before calculating. Supporting factors can be found in the Calculation Factors section.
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Retirement plan can't create deductions for years before compensation was paid; $0 is maximum possible deduction.

Possible Deduction:

$0

  • Please note: The deduction estimates provided are based hypothetical plan provisions and valuation assumptions. Actual deductions may vary based on final plan design, actual valuation results, and other relevant factors.
  • A valuation by an actuary is required to determine the permitted deduction based on the plan's provisions.

If you have questions or would like assistance with setting up this plan design, please contact us.

Pending Running Calculations...