Retirement Plans

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Individual(k) Plans

Take Advantage of Accelerated Contribution Limits with Enhanced Flexibility

The Entrust Individual(k) Retirement Account is a defined contribution plan for businesses that employ only the owners, their spouses, and partners. In some plans, including 401ks, business owners can make both employer and employee contributions. The Entrust self-directed Individual(k) retirement plan is offered both with and without a Roth option, which permits after-tax contributions to the account.

If you currently have an Individual(k) and wish to self-direct your funds into non-traditional investments, you can easily transfer or rollover the funds to Entrust by opening an Individual(k) account.

Keep in mind that the maximum compensation amount that can be used for calculating your contribution is $245,000 (2009/2010). 

Consider an Entrust Self-directed Individual(k) Retirement Account?

• You are a sole proprietor with no employees other than your spouse or partner(s) whose only employees are self-employed partners and their spouses. The plan trustee and administrator of the plan is simply the business owner, their spouse or a partner. However, a designated third party works as well.
• You are looking for the largest potential contribution for a business without employees.
• You want the capability of borrowing from your plan.
• You want to purchase leveraged real estate in your plan and wish to avoid UBIT (Unrelated Business Income Tax).

Individual(k) Contribution Limits and Individual(k) Catch-Up Contributions:

Contact an Entrust professional in one of our local offices to establish a self-directed Individual(k) or open an account.

Which Entrust Self-Directed Individual(k) Retirement Plan Should You Choose?

There are several different alternatives, depending on your needs:

1. Entrust Individual(k):

• Entrust provides the required documents to establish the plan.
• Entrust provides the record-keeping services on your self-directed investments.

2. Entrust Individual(k) Record Keeping Agreement

• You have established a retirement plan for your business.
• Entrust provides the record-keeping services on your self-directed investments.
• This option is available with plan types such as Traditional 401(k), Roth 401(k), Profit Sharing Plans, Money Purchase Pension Plan and the like.

Consult with your CPA or investment adviser to determine whether these plans could work for you. And if you’ve decided to establish a self-directed Individual(k), contact Entrust to establish your account and self-direct your funds.