For Specific Entities: LLCs and S Corporations
If your company is a limited liability company (LLC) or an S corporation, you are likely aware of your unique planning challenges. But, are you also aware of the opportunities? The Principal Financial Group® understands the unique nature of these business entities and has created specific retirement income solutions that will benefit you as the owner of a pass-through entity.
- Principal LLC BonusSM - A plan allowing members (owners) of LLCs to accumulate wealth and/or create retirement income above what is allowed by their qualified plans. Depending on the funding method used, can also provide a death benefit and help LLC members diversify their personal income tax liabilities.
- Principal S Owner PlusSM - A program allowing owners of S corporations to move cash from the business to the owner, personally. Depending on the funding method chosen, can also provide a death benefit and help maximize tax diversification.
- Executive Nonqualified "Excess" PlanSM (Deferred Compensation) - A nonqualified defined contribution plan that allows contributions in excess of qualified plan limits.
- Executive Nonqualified Defined Benefit Plan (Deferred Compensation) - A nonqualified defined benefit deferred compensation plan that allows employers to provide a supplemental retirement benefit in excess of qualified plan limits.