Select a Retirement Plan

Choose a Plan that Works for You and Your Company

You have a variety of retirement plan options available to you as an individual, self-employed business owner, small business, or corporation.  But it is important to know the difference among the available plan types so you can choose the program that meets your objectives for contribution levels, ease of adminstration, costs, workforce, and your long-term business strategy.

So let's go through the types of retirement plans available and criteria generally used by business owners to choose among the various plans.

Individual 401(k) (Including Roth):  

 (See if you qualify for this plan first.  If so, then also see Solo Defined Benefit Plan below.)

• You are self-employed (sole proprietor) with no plans to hire any full-time employees (over 1,000 hours of work per year) other than your immediate family members (spouse, children or parents).  (Part-time family members can also be added as a participant in your plan.)
     or
• You are a LLC, C Corporation, S Corporation with only owners or immediate family members employed, with no immediate plans to hire full-time employees (over 1,000 hours of work per year) other than owners, immediate family members of the owners, part-time employees or sub-contractors. 
    and 
• You want to have a plan with low costs but flexibility for you, your co-owners and your family members to put a meaningful amount away for retirement for tax deferrral benefits, immediate tax savings or Roth after-tax benefits.**

Option:  OppenheimerFunds SingleK Plan  

• Access to over 50 mutual fund options
• Class N(2) shares with no up-front or back-end sales charges*
• Low fees: A $15 annual account maintenance fee ($10 for plan account with balances over $50,000), and no set-up fee
• Consolidate all of your current retirement holdings, including 401(k), 403(b), 457 profit sharing, money purchase pension, IRA and SEP. Online Contribution Processing System
• Daily Transaction Capabilities with Access to Your Account over the Internet
• Complete Loan Processing ($40 set-up fee, no annual maintenance fee)
• Pre-tax or Roth Contribution allowed

Option:  Pioneer Funds Uni-K Plan 

• Access to over 35 mutual fund options
• No-load Class A shares at Net Asset Value with no front or back-end sales charges*
• Low fees: A $25 annual account maintenance fee ($0 for plan account with balances over $25,000), and no set-up fee
• Consolidate all of your current retirement holdings, including 401(k), 403(b), 457 profit sharing, money purchase pension, IRA and SEP. Online Contribution Processing System
• Daily Transaction Capabilities with Access to Your Account over the Internet
• Complete Loan Processing ($100 set-up fee, no annual maintenance fee)
• Pre-tax or Roth contribution allowed

Solo DB (Defined Benefit) Plan

• You qualify for an Individual 401(k) plan, and have hit the maximum deferral limits and need to have an additional option to contribute more for your retirement and tax benefits. 
• You are over 40 years old which allows you to benefit from the actuarial assumptions allowed by a pension plan to start ramping up to put additional funds aside for retirement, and exceed the 25% profit sharing limitation.
• You realize that the administrative fee for this type of plan is higher than the other programs, due to the extra servicing required, but this is may be more than offset by the additional tax savings.
  
  Contact Us For Program Options 

Simple IRA: 

• You cannot qualify for an Individual 401(k) because you have full-time non-family member or non-owner employees who work more than 1,000 per year.
• You want to keep you administration costs low, but are fine with paying a 2% contribution to your employees or a 3% matching contribution (which can be reduced to 1% every two out of five years).  You understand that you preserve an employee contribution, but the allowable amount is generally less that what is offered through a 401(k) plan.

          Option:  OppenheimerFunds Simple IRA

• Access to over 50 mutual fund options
• Class N(2) shares with no up-front or back-end sales charges*
• Low fees: A $15 annual account maintenance fee ($10 for plan account with balances over $50,000), and no set-up fee
• Online Contribution Processing System
• Daily Transaction Capabilities with Access to Your Account over the Internet

SEP- IRA

• You missed the December 31 cut-off to establish an Individual 401(k) plan for your past tax year.  You want to be able to at least contribute the profit sharing portion, and are or will be establishing an Individual 401(k) for the current year.  You will be rolling over the SEP as soon as you fund your past-year contribution to your new Individual 401(k) since the SEP component is already allowed with this type of plan.
• You can't qualify for an Individual 401(k) plan and you would prefer to make contributritons on behalf of employees without allowing for their own deferrals.  This means that the full SEP contribution would come from the company.  You want to keep your administrative costs low. 

Option:  OppenheimerFunds SEP-IRA 

• Access to over 50 mutual fund options
• Class N(2) shares with no up-front or back-end sales charges*
• Low fees: A $15 annual account maintenance fee ($10 for plan account with balances over $50,000), and no set-up fee
• Online Contribution Processing System
• Daily transaction capabilities with access to your account over the Internet

IRA Rollovers

• You need to have a low cost plan that is available to accept a rollover and are not sure of your future company needs.
• You have a rollover and you cannot qualify for an Individual 401(k) plan because you currently are a W-2 employee for another company. 

Option:  OppenheimerFunds Rollover IRA  

• Access to over 50 mutual fund options
• Class N(2) shares with no up-front or back-end sales charges
• Low fees: A $15 annual account maintenance fee ($10 for plan account with balances over $50,000), and no set-up fee
• Daily transaction capabilities with access to your account over the Internet

 401(k) Plans or Safe-Harbor 401(k) Plans

• You cannot qualify for an Individual 401(k) or you need to convert your Individual 401(k) because you have full-time non-family member or non-owner employees who work more than 1,000 per year.
• You are fine with paying up to a 4% employee match to preserve your own 401(k) deferral as the company owner, under a "safe harbor" provision.
• You want the ability to put more money away for yourself and your co-owners than is allowed by Simple IRA plan, and you are willing to do more plan administration work to achieve this.
• You are a company that needs to sponsor a 401(k) plan to attract and retain full-time employees, allowing them to make their own employee deferral, with the potential for a company match or profit sharing contribution.  You realize the adminstrative expenses and duties will be greater, but understand it is important to your long-term business success. You also realize, that unless you establish the "safe harbor" provision, your own allowable contribution may be limited under the required discrimination testing requirements.

         Contact Us For Program Options 

Please feel free to contact us if you have any questions on which plan is right for you at 1-877-444-5344.

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Mutual funds are sold by prospectus.  Please carefully consider the Fund's investment objectives, risks and charges and expenses before investing.  The Fund's prospectus, which contains this and other information about the Fund, can be obtained by calling 877-444-5344.  Please read it carefully before you invest.   

Securities and Insurance Products: 

For information, call toll free 877-444-5344 or refer to www.NationalK.com.  Wangard Investment Consulting is the owner and is solely responsible for content on www.NationalK.com.  Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc., and Pioneer funds are distributed by PioneerFunds Distributor, Inc., and are offered for sale to investors by the Wangard Investment Consulting. Shares of Oppenheimer funds and Pioneer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested. Association membership may be required to receive preferred pricing under group contract with OppenheimerFunds or PioneerFunds. Wangard Investment Consulting is not a legal or tax advisor, and therefore any information provided in this regard is under the sole authority of the participant to apply such information and act according to IRS rules and provisions. However, Wangard Investment Consulting will be glad to work with you, your accountant, tax advisor and/or attorney to help you meet your financial goals. The retirement plan options offered through this program are participant directed programs. Wangard Investment Consulting does not have discretionary authority to direct the investment selection on behalf of account holders and is not responsible for investment results achieved based on this participant direction.  The associates of the Wangard Investment Consulting are registered to provide investment services in AL, AZ, AK, CA, CO, CT, DC, DE, FL, GA, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, TN, TX, UT, VA, WA, WI, WV. 

Investment products and services offered through Wachovia Securities Financial Network, LLC (WSFN), Member FINRA & SIPC.  Wangard Investment Consulting is a separate entity from WSFN.  Wangard Investment Consulting (WIC) and WSFN are not affiliated with FACT or firms working on their behalf.  You may contact the investment firms at: OppenheimerFunds Distributor, Inc. (OFDI), 498 Seventh Avenue, New York, NY  10018 and  PioneerFunds Distributor, Inc., 60 State Street, Boston, MA  02109. While WIC and WSFN offer clients access to a wide variety of fund choices, clients will be limited to Oppenheimer fund choices and Pioneer fund choices indicated when participating in this preferred pricing program. (03/08)