401(k) Plans and Pension Plans

Kerr Wealth Managements fee-only retirement plan

platforms can be a sound solution for your small or large company. From 401(k) plans to cash balance pension plans the Fresno, CA advisors at Kerr Wealth can help you determine which plan is most suitable for your California business.

401(k) Plans and Small Business Retirement Plans

Retirement Plans and 401(k) for California businesses.

Overwhelmed with your retirement plan choices? Need a bigger tax deduction?
Choosing the correct retirement plan is an important step for your business. Working with a team of investment advisors and retirement plan consultants can help guide you to the right plan and help with your tax minimization needs.

What’s the process to start a California retirement plan for your California business? Well, it's simpler than you think and our advisors do this kind of thing all day every day. We make it SIMPLE...

  • Determine your business cash flow.

  • Determine your business tax minimization needs.

  • Design a retirement plan.

  • Establish accounts with a custodian.

  • Manage future payroll deductions.

  • Manage investments for each employee participant. 

Kerr Wealth Management Retirement Plan Offerings

Traditional 401(k)

A 401(k) offers many flexible benefits for employees and plan sponsors including making full or partial matches, saving for retirement through pretax and Roth 401(k) contributions, take loans or self direct.

SIMPLE IRA

Like the name implies, these are simple plans also known as Savings Incentive Match Plan for Employers. Typically useful for businesses with less than 25 employees. 

Safe Harbor 401(k)

Safe Harbor 401(k) plans could be the solution you need because they automatically meet certain nondiscrimination (ERISA) testing, maximizes salary deferrals for high-wage employees and they are easy to administer.

Profit Share Plans

A profit share plan can be a powerful retention tool for businesses who want to retain talent and divide up discretionary contributions among employees. 

Solo 401(k)

Great for the one man band. A Solo 401(k) allows solo business owners with no employees (except for certain family members) to maximize salary deferrals without any compliance testing.

Pension Plans

Cash balance plans or defined benefit plans are great for small to large employers with consistent

positive cash flow and steady

profits. Combined with a 401(k) and profit share plan a successful business owner can contribute in excess of $200,000 annually for a 

signifigant tax deduction.

Open Architecture
Our first priority is helping you and your staff take care of themselves and their family. Starting a retirement plan can help with this objective but certainly doesn’t solve everything. It’s just one part of the puzzle.

 

The second part of the puzzle is learning more about your personal situation, identify your dreams and goals, and understand your tolerance for risk. Long-term relationships that encourage open and honest communication have been the cornerstone of my foundation of success.

The third piece of the puzzle - selecting an investment and custodial platform to save for the future. At Kerr Wealth Management we offer an open architecture retirement platform through TD Ameritrade. An open architecture platform allows your Kerr Wealth Investment Advisor and your participants to invest in a variety of investment types including but not limited to:  Transaction free  ETF’s, No Load Mutual Funds, transaction free stocks, bonds and more. It is recommended you do some planning to determine your risk and investment objectives. *Retirement participants should review their risk tolerance and retirement objectives before investing. 

Get your financial checkup today.

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Contact

Kerr Financial Planning Corporation

2507 W. Shaw Ave. Fresno, CA 93711

Phone (559) 277-4772

Fax (559) 573-8558

CFP, CRPC, Series 65

akerr@kerrwealth.com

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The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security.

 

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Important notice regarding investment advisory services: Financial Planning, Investment Advisory and ERISA services offered through Kerr Financial Planning Corporation, Inc. DBA: Kerr Wealth Management, A Registered Investment Advisor, (RIA). RIA does not mean a designation. Retirement plan administration, record keeping, 5500 filings and general retirement plan documents provided by Kerr Payroll Solutions, LLC a provider of payroll and retirement plan administration. Insurance products are not sold or provided by Kerr Wealth Management. Insurance services are provided by Kerr Insurance Brokers, Inc. Kerr Insurance Brokers, Inc., Kerr Payroll Solutions, LLc. and Kerr Wealth Management are affiliated. Kerr Wealth Management is not affiliated to any investment custodian mentioned on this site. Kerr Wealth Management and it' Financial Advisor's give insurance, pension, limited tax, limited estate, business development, investment management, retirement plans and other advisory services or advice. This website is not to be interpreted as advice whatsoever, nor is it a soliciation of an investment or security. To view the status of your financial advisor's licensing, credentials, certifications, professional background and disclosures go to www.adviserinfo.sec.gov. Trade orders must be made verbally or in person. Orders received via text or email will not be accepted or entered. Interest or other other requests that are not trade orderrs may be accepted via text. This website should not be considered as financial, legal, tax or investment advice. Kerr and it's advisor's do not give legal advice or legal tax advice. Any recommendations relating to corporate structure or tax should be verified by your accountant or attorney. Diversification, active management and asset allocation do not guarantee returns or eliminate risk. Diversification could still lead to loss of principal value. Diversification and asset allocation attempt to spread risk across various asset classes. Self directed IRA's do not guarantee growth and investors should understand the risk before investing in real estate, commodities, precious metals, tax liens, notes or other alternative assets. Kerr Wealth Management and it's advisor's are not real estate agents, brokers and do not provide legal real estate advice. Investors are solely responsible for their decisions to invest in a self directed IRA. Kerr Wealth Management and it's Advisor's do not make recommendations of any specific investments through a self directed IRA account other than traditional investments like publicly trades securities like mutual funds, ETF's, stocks, bonds, CD's and Cash. We may assist investors understand the risk and potential cash flow or loss associated with a self directed IRA investment that is not a traditional publicly traded security. Kerr Wealth Management and it's advisor's are not commodity brokers, advisor's or traders. Self directing involves potential tax complications and unique risk that may be higher or lower than investing in publicly traded markets and investors should consult with their tax advisor about potential UBIT or UDFI taxation. Videos posted on our website may or may not be produced or owned by Kerr Wealth Management and may have been provided by a fund company or third party. We do not warranty or guarantee the information in the videos and the content in the videos should only be interpreted as educational or informational. Not financial advice. Kerr Wealth Management's financial planning process may require a few hours to multiple meetings and various drafts. Incomplete or incorrect information provided to Kerr Wealth Management during the planning process may have an adverse affect on the planning result and it is up to the client to confirm and verify information provided and the accuracy of plan data. It is up to the client to adopt and act on the changes recommended and up to the client to follow the disciplines recommended beyond the initial planning process. Review meetings are recommended but planning ceases at the delivery of an initial plan. Various aspects of the financial planning process may be considered or could be a conflict of interest. Recommendations related to retirement accounts and recommendations to use any insurance service, retirement administration or other service from one of our affiliated companies could be a conflict of interest because additional compensation may be earned. Nothing on this website should be considered a recommendation or solicitation of investment advice or products. Nothing our advisors, staff, website or other affiliates say or do is conflict free. Virtually all recommendations and actions have some level of conflict and it is up to the customer to act on an recommendations or inquire about such conflicts. Our advisors or non advisor staff may be compensated for the sale of insurance products, retirement plan record keeping services, payroll or bookkeeping. Please read our ADV brochure below to understand how our fee structure works as well as any other services that may be provided by our company or affiliated Kerr Companies that could create a conflict of interest. Kerr Wealth Management does not provide tax advice or legal advice. Tax services provided are limited in scope and focus on tax minimization strategies. Please refer to your CPA or EA for tax advice. Kerr Wealth Management 

does review tax returns as part of our financial planning services but does not provide tax preparation services directly to the public. Kerr Wealth Management does not provide legal advice, draft wills or trusts however Kerr Wealth Management may review your will or trust as part of the financial planning process. 

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