Many of our competitors only offer their clients one plan option for their new businesses: a 401(k) plan.
At Benetrends, we don’t believe in cookie-cutter plans. Instead, we help you choose and manage the best plan option to meet your individual needs.
Want to know what one of our competitors says about our custom-designed profit sharing plans vs. a standard 401(k) plan?
In an article written by one of our competitors, this is what was mentioned on the topic:
Why would you buy a Hummer as a commuter car? It is way more than you would need and very expensive to maintain.”
“Although we could charge a premium to offer a profit-sharing plan, we made a strategic decision to use a 401(k) plan instead because it is our belief it’s in our clients’ best interest.”
To us, it sounds like they are saying, “Yes, a profit-sharing plan is better but it takes too much work and costs too much, and if we offered that, we would have to charge more".
And we agree with most of that.
• Is it better? Yes.
• Is it more work? Yes, for the plan administrator, not the client.
• Is there a premium charged to get a higher end plan like this? Not necessarily, because we incur most of those added costs. And the money saved in long-term planning will far exceed any added cost.
We understand that one size does not fit all, and we work with our clients to design a plan that works best for their situation.
To learn more about the Benetrends advantage, schedule a no-obligation consultation.
1684 South Broad Street | Suite 130, Lansdale,
Our mission is to make every Benetrends client our champion. For over 35 years, our Rainmaker Plan® has been tested and proven to work, providing a means for more than 17,000 entrepreneurs to achieve their dreams of business ownership, creating both jobs and prosperity. We are so confident in the Rainmaker Plan design that we stand fully behind our work, backing every client with our Rainmaker Guarantee.
Information provided by Benetrends Inc. is not intended to be used as legal or accounting advice, or as the sole basis for investment decisions, nor should it be construed as advice designed to meet the particular needs of an individual investor. Please seek the advice of legal or tax professionals, as appropriate, regarding the evaluation of any specific information, opinion, advice or other content.
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