401k Retirement Planning
Babylon Wealth Management provides customized 401k retirement planning solutions to help you attract and retain top executives and employees. We offer sophisticated and unbiased investment and retirement plan advisory services alongside comprehensive fiduciary and compliance support.
What is a 401k Plan?
401k Plan is a tax-advantaged, defined contribution retirement plan that allows company employees to save and invest for their own retirement on a tax-deferred basis. Employers can also make optional tax-deductible matching contributions. 401k plans are a qualified retirement plan and are eligible for special tax benefits under the IRS guidelines. Both employees and employers can make tax-deferred contributions to the plan within income and contribution limits set by the IRS.
How can we help you?
Babylon Wealth Management serves all 401k plan sponsors regardless of the size of your firms. Whether you are running a start-up, a small family business or an established corporation, our corporate retirement plan solutions will help you navigate through the complex realm of employer-sponsored retirement plan.
We can work with your existing plan administrator. If you are looking for a change or want to start a new plan, we offer best-in-class low-cost 401k plans through our relationship with Vanguard Retirement Solutions
Our Service is tailored to your goals and business needs
Our mission is to provide you with a positive, productive and personalized experience. As your dedicated plan advisor, you can rely on our expertise to:
Defined Benefit Plans
Babylon Wealth Management provides customized advisory solutions for your defined benefit pension plans. We can help you navigate through the complex rules of establishing and maintaining a defined benefit plan.
What is a Defined Benefit Plan?
Defined Benefit Plans or Pension Plans is a qualified employer-sponsored retirement plan that offers a fixed, pre-established benefit for employees at retirement based on their age, years of service, salary, and seniority. Similarly to 401k plans, the contributions to defined benefit plans are eligible for preferential tax treatment under the RS and actuary guidelines.
Why using a defined benefit plan?
A defined benefit plan can be a compelling and powerful alternative for high earning business owners looking to save aggressively for retirement and lower their tax burden.
Although defined benefit plans have become less popular in the past 30 years, your employees will greatly appreciate the guaranteed benefit provided by this plan. From your perspective as a business owner and corporate executive, you can generally make higher tax-deductible annual contributions than the allowed limits in your 401k plans. Together, we can establish an effective plan design that meets your business and financial goals while significantly outweighs the cost of creating and maintaining the plan.