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Estimate your client's maximum contribution and tax savings.
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Call Defined Benefit Services
toll free at: 1-866-269-2706
Monday - Friday, 9:30am-8pm ET
A defined benefit specialist at the OnePersonPlus® Defined Benefit Service Center will collect financial information from you, your client, or the client's tax advisor at certain points in the set up and administration process. This information is used to:
Prepare the Adoption Agreement for your client's signature
Calculate the precise contribution amount each year
Complete annual tax reporting forms
Process any amendments to the plan
Key dates to keep in mind:
Plan Set-up and Installation
Plan must be set up and account opened by December 31 (or the end of your client's fiscal year).
Funding the OnePersonPlus Defined Benefit Plan
$1+ to open account by December 31 (or the end of client's fiscal year).
Deductible contribution must be funded when taxes are filed but no later than September 15.
Amending the OnePersonPlus Defined Benefit Plan
Increasing the Annual Contribution:
If a client qualifies, the contribution amount for the current tax year may be increased through December 31 or the end of your client's fiscal year.
Decreasing the Annual Contribution:
A client can generally decrease the contribution amount for the current tax year before 500 hours of service have been completed (generally around March 1). Once that point is crossed, the change to the contribution amount generally won't be effective until the next tax year.
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OnePersonPlus® is a registered trademark of Leaffer Shapiro LLC.