Qualified Retirement Plans

Many different Qualified Retirement Plans serve different types of businesses. For more details and to find out what plan might be right for you, contact a CFS Financial Advisor at Denali today.

401(k)

A 401(k) is an employer-sponsored retirement plan that helps you save a portion of your income via payroll deductions toward a designated 401(k) plan. These plans have many features that can help you save for the future. The two main types of 401(k) plans are pretax and Roth.

403(b)

A 403(b) retirement plan is sponsored by a tax-exempt organization that helps you save a portion of your income via payroll deductions toward a designated 403(b) plan. These plans have many features that can help you save for the future. The two main types of 403(b) plans are pretax and Roth.

Solo 401(k)

Solo 401(k), also known as an individual 401(k) plan, is a regular 401(k) plan combined with a profit-sharing plan. Unlike a regular 401(k) plan, a Solo 401(k) plan can be implemented only by self-employed individuals or small business owners who have no other full-time employees. An exception applies if your full-time employee is your spouse. A Solo 401(k) plan is probably not a viable option if you have full-time employees age 21 or older other than a spouse or part-time employees who work more than 1,000 hours a year because you will typically have to include these employees in any plan that is established.

SIMPLE
(Savings Incentive Match Plans for Employees)

A Savings Incentive Match Plan for Employees (SIMPLE) may appeal to small businesses and self-employed individuals because it is easy to set up and administer, and employers are allowed to take a tax deduction for their contributions.

SIMPLEs can be established by small businesses with 100 or fewer employees who were paid $5,000 or more in compensation during the previous year who do not maintain other retirement plans. They can be structured as an IRA for each eligible individual or as part of a qualified cash or deferred arrangement such as a 401(k) plan. Typically, they are structured as SIMPLE IRAs.

SEP
(Simplified Employee Pension)

A Simplified Employee Pension (SEP) plan is a deferred-compensation arrangement that is similar to a profit-sharing plan. It can be set up by employers, self-employed individuals, and sole proprietorships and partnerships. Employers receive tax deductions for plan contributions made to employees' accounts, and employees do not pay taxes on SEP contributions until they begin taking distributions — generally in retirement. Thus, SEPs can be attractive to employers and employees.

For more information about Qualified Retirement Plans and how they fit into a retirement and investment strategy please contact a CFS financial advisor at Denali today.

*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer (Member FINRA/ SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Denali Federal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.

For specific tax advice, please consult a tax professional.

Financial Advisors are registered to conduct securities business and licensed to conduct insurance business in limited states. Response to, or contact with, residents of other states will be made only upon compliance with applicable licensing and registration requirements. The information in this website is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase brokerage services to persons outside of the United States.

Comprehensive retirement planning

Your future is now. Start planning for retirement at any stage of your life. Find out how our CFS Financial Advisors can help you start planning today.

Learn More

Mutual funds

Mutual Funds can add diversity to your investment portfolio. Schedule a no-obligation consultation with our CFS Financial Advisors today.

Learn More

Individual Retirement Account (IRA)

Take advantage of the additional retirement savings benefits and open an IRA. Schedule a no-obligation consultation with our CFS Financial Advisors today.

Learn More

Pensions

Do you have questions about options and features available to you under your employer’s pension plan? Talk to one our CFS Financial Advisors today.

Learn More

Have a question? Don't wait on hold.

Paddling on a lake in the morning mist

Retirement planning: the basics

You may have a very idealistic vision of retirement–doing all of the things that you never seem to have time …

Generations of a family splashing their feet in a lake

Asset protection in estate planning

You’re beginning to accumulate substantial wealth, but you worry about protecting it from future potential creditors. Whether your concern is …