Types of Plans Offered Every business has different planning needs based on their own goals and situation. Company owners often grapple on how to plan accordingly to achieve their own savings goals for retirement, keep valuable employees happy with a retirement savings vehicle, minimize taxes, all the while trying to maximize the company’s bottom line.We want you to be able to spend your time and energy on what you enjoy doing most: running your business. Allow our team at Strata to consult with your company on your goals for retirement. We will work to develop a tax-efficient strategy to best fit your business.Our team of financial professionals work with an array of different companies in in private healthcare, legal, industrial, financial, and other service related industries. We have experience working on retirement plans with all different levels of complexity. We advise both defined benefit and defined contribution plans. Our primary plan type focuses are 401k plans, profit sharing plans, and cash balance plans.Primary Plan Types401k Plans – qualified, defined-contribution plan in which employer-sponsored retirement plan that eligible employees may make salary-deferral contributions to on a post-tax and/or pretax basis.Profit Sharing Plans – qualified, defined-benefit plan in which employers contribute a specific, predetermined amount of their annual profits into a deferred trust, which the employees earn access to upon retirement from the company.Cash Balance Plans – qualified, defined-benefit pension plan under which an employer credits a participant's account with a set percentage of his or her yearly compensation plus interest charges.2019 Contribution LevelsEach type of plan allows employees and employers to contribute different dollar amounts. For a general breakdown, please see the table below. For more in depth questions or an analysis on how much you may be able to contribute, please contact us.How Much Can You Contribute?