Direct answer
Practice owners can access 401(k) profit-sharing, cash balance plans, SEP IRAs, and combo designs that can push owner deductions well above standard employee limits — often $300K+ per year.
Practice owners can access 401(k) profit-sharing, cash balance plans, SEP IRAs, and combo designs that can push owner deductions well above standard employee limits — often $300,000 or more per year.
Choosing the right plan
The best plan depends on your entity type (S-Corp, LLC, partnership), number of employees, and how much you want to shelter annually. A Safe Harbor 401(k) with profit-sharing is the most flexible starting point; adding a cash balance plan layers in defined-benefit deductions for owners approaching retirement. We model the tax savings and testing impact before you commit.
Fiduciary support
We can serve as a 3(21) or 3(38) ERISA fiduciary on your plan, taking on investment selection and oversight responsibility so you reduce your personal liability as a plan sponsor. We also coordinate with your TPA and custodian to keep annual testing on track.
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Submit a question or schedule a consultation with a Cognis fiduciary advisor.