Calculator

How much can I contribute into a Defined Benefit Plan?

Using the retirement calculator below you can calculate the maximum annual retirement contribution limit based on your income. Enter your name, age and income and then click "Calculate."

The result will show a comparison of how much could be contributed into a Defined Benefit Plan, Individual 401k, SEP IRA or SIMPLE IRA based on your income and age. If you are taxed as a sole proprietorship use your NET income when using the calculator. If you are incorporated, then only use your W-2 wages when using the calculator. For example with an S corporation K-1 distributions (corporate profits) are not included in the calculation only W-2 wages.

Note: The calculations are based on a traditional defined benefit plan. The calculator is for illustrative purposes and is an estimate. A 401k and a profit sharing plan can potentially be added to a defined benefit plan. A fully insured defined benefit plan may allow a larger contribution than a traditional defined benefit plan. A cash balance plan may be a better option for corporations with employees. Contact us and we can send you a proposal with specific calculations based on the demographics of your business. Here are case studies providing real examples.

Name
Yearly Income
Age     Year 
Business Type
Sole proprietorship, partnership (or LLC taxed as a sole proprietorship)
S corporation, C corporation (or LLC taxed as a corporation)
  

Need Help or Advice?

Eric Kuniholm Eric Kuniholm, CPWA®
Certified Private Wealth Advisor®
Beacon Capital Management Advisors
President

If you would like to receive a free defined benefit plan proposal or have questions and need advice contact us. Beacon Capital Management Advisors is registered in all 50 States and is an Accredited Business of the Better Business Bureau since 2004. FINRA’s BrokerCheck.

Contact Eric Kuniholm