OnePersonPlus | How It Works

How it Works

Estimate your client's maximum contribution and tax savings.
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Getting Started

Identify prospects for OnePersonPlus by reviewing your clients to see who is eligible.
Run a proposal to estimate maximum contribution, tax savings, projected accumulation, and annual benefit at retirement.
Talk to your client and present the customized proposal.

Call Defined Benefit Services
toll free at: 1-866-269-2706
Monday - Friday, 9:30am-8pm ET

A defined benefit plan promises your client a specific annual benefit at retirement.

Your clients decide what percent of their annual income they want to have at retirement or how much of current income they can comfortably afford to contribute to the plan.
You can estimate the maximum annual contribution for this year by creating a proposal customized for your client.
The annual contribution amount is based upon:

Current age — the older the client, the larger the annual contribution needed to reach any specific target.
Average of the client's 3 highest years of income.
Planned retirement age — usually at least 5 years from the year the plan is adopted.
In subsequent years, the balances that accumulate through contribution and investment performance in the OnePersonPlus^® plan.

OnePersonPlus Defined Benefit services are provided by Dedicated Defined Benefit Services, a leading provider of services for 1-5 person plans, who will work with you, your client, and your client's tax advisor to answer questions about specific situations and the suitability of this plan.
Dedicated DB will work with you to gather additional financial information and to complete the one-page Adoption Agreement for your client to sign. The precise contribution amount for this year will be calculated once the client's fiscal year has closed.
You will open an investment account and work with your client to choose appropriate investments.
Your client is obligated to contribute to the plan each year it remains open. That means you have an important reason to contact your clients and a significant amount to invest for each client each year.
Changes in circumstances can be handled in subsequent years by working with our plan administration consultants. See Key Dates to learn about changing plans.

Estimate the maximum contribution for your clients now by creating a proposal.