Did you know that you may qualify to apply for Life and Disability protection plan WITH NO PHYSICAL EXAM. By acting now you can take advantage of our “New Life Insurance You Don’t Have To Die To Use”. This will protect you and your family by locking in special low rates for your entire life span, depending on qualifications and medical questionnaire, without a medical exam.

For complete details at NO COST OR OBLIGATION, please call 

866-675-3933

https://integrity4life.com/MKG-Insurance-Agency

MKG Insurance Agency

CDI License #0J03013

Mentioned in this episode:

intro music 1

intro music 1

MKG Insurance Agency offers privately owned employers defined benefit plans and business owners retirement plans.

Safe Harbor 401(k)s are designed to allow owners and highly compensated employees (generally owners and those making over $120,000) to contribute up to the maximum dollar limit as their 401(k) elective deferral without regard to what other employees contribute. These plans allow the key employees to contribute up to the maximum dollar limit of $20,500 for 2022 as their 401(k) elective deferral without regard to what the other employees contribute. The maximum deferral for 2022 is $27,000 if a participant is age 50 or over

https://mkginsuranceagency.com/business-owner-retirement-plans/

An important deadline is on the horizon for California business owners. By June 30, 2022 employers with five or more employees are required to have a retirement plan in place for workers — either through a private-market option, like a 401(k), or through the state-run CalSavers program

CalSavers: California retirement savings plan

A by-product of state-mandated retirement legislation, CalSavers is designed to improve the financial security of Californians working in the private sector. It also presents an opportunity for small business owners who otherwise wouldn’t have been able to afford the overhead or administrative costs of a retirement plan to keep employees engaged and attract new talent.

What is CalSavers?

CalSavers is a retirement savings program sponsored by the State of California, facilitated by businesses and funded by employee savings. It has no employer fees or fiduciary responsibility and minimal administrative upkeep, making it relatively simple for businesses to participate.

Mentioned in this episode:

intro music 1

intro music 1

Contribution Flexibility

Defined benefit plans allow higher contribution levels than defined contribution plans but along with that flexibility comes the requirement to meet minimum contributions.

Safe Harbor 401(k)s are designed to allow owners and highly compensated employees (generally owners and those making over $120,000) to contribute up to the maximum dollar limit as their 401(k) elective deferral without regard to what other employees contribute. The maximum deferral for 2019 is $25,000 if a participant is age 50 or over.

Interested in sharing your life insurance story, become a guest on our show

https://mkg-insurance-agency.captivate.fm/booking

Learn more about Safe Harbor 401(k) plans: 

https://mkginsuranceagency.com/business-owner-retirement-plans

MKG Insurance Agency CA License No. 0J03013

Contact us for a free quote (559) 293-4977

Mentioned in this episode:

intro music 1

abstract trailer