"A Review of Laws Applicable to Dental-Practice-Qualified Retirement Plans - Strategies for Avoiding Possible Discrimination"
Andrew E. Roth, Esq.
Partner - Danziger & Markhoff, LLP
The coronavirus pandemic is presenting new and unique challengers that many of us have never faced. Qualified retirement plans are no exception. This presentation showcases the ways dental practice owners can ameliorate the challenges presented by the current environment.
Specifically, topics covered will include:
Types of qualified retirement plans
CARES Act, SECURE Act and regulatory updates
2022 Contribution limits:
What is the maximum amount that can be contributed on an owner's behalf?
Limiting staff costs:
Coordinating 401(k) plans and profit-sharing plans as a strategy to reduce staff costs
Timing for 401(k) contribution deposits
Average Deferral Percentage Test
Pros and cons of Roth 401(k)s
Cash balance plans
State-of-the-art defined benefit plans which will enable owners to substantially increase their contributions.
Traditional defined benefit plans
Prior service design
Coordinating plan design with the Section 199A QBI deduction