ROBS Plan Costs

Save Big with Pension Pros!

The ROBS process involves a lot of moving parts and requires expertise in a variety of areas. The most critical of these is the design of the pension plan which serves as a holding account for your rolled over retirement funds, the conduit to transfer these funds to your new corporation, and ultimately, the long term retirement vehicle for you and your employees.

Plan Installation Fee

At Pension Pros, we pride ourselves in offering a competitive price for our ROBS plan and providing a superior level of service to guide you through the process. And, we will continue to answer your questions and offer guidance long after the initial transaction is completed.

Our complete fee for ROBS Plan installation is $3,995.
We have found this to be about $1000 less than most of our competitors.
Note: Additional fees may apply for expedited processing of corp articles and/or DBA filing. (Optional)

Tax Credit

By doing your ROBS Plan with Pension Pros, you may qualify for a $1500 Tax Credit!

Here's How to Obtain the Credit:

Per the EGTRRA Act of 2001, when a new business adopts a 401k, it may be eligible for a $1500 tax credit. This credit is taken on IRS Form 8881 and is taken at $500/yr for three years.

That's another $1500 in your pocket when you do your ROBS plan with Pension Pros!

Monthly Administration Fees

There are NO monthly admin fees with Pension Pros - EVER!

That is a huge difference from all of our competitors, who charge between $120-$150/mth for plan administration, a fee that you will pay for as long as you own your pension plan. Ouch!

Why doesn't Pension Pros charge a monthly admin fee?

The short answer is very simple - it's just not necessary.

Now let's look at the long answer.
Our pension plan design involves setting up a Safe Harbor 401k plan. This plan design is well known in the pension industry as the plan of choice for one and two person owners who are looking for a plan that will fulfill their needs for retirement funding, yet not involve the arduous non-discrimination testing requirements (ADP and ACP tests) that come with most other 401k plans.

Let's be realistic, you are coming to us to move money out of your old 401k/IRA and pass those funds through to your new business account so you can use them to finance your purchase or expansion. At this time, you are not as concerned with offering a robust pension plan to your new employees. Your main concern is getting your business off the ground and profitable by increasing sales and controlling costs.

So, we have a simple question. Why pay for something you don't want or need?
Right now, you need an adequate plan that meets all IRS and DOL compliance requirements. Our plan does that for you!

You need a plan that will allow you to invest in yourself now and in the future as your business grows and becomes profitable. Our plan allows that!

You need a plan that you can grow into and will allow your full time employees to contribute and start saving for their own retirement. Our plan can do that!

You need a plan that will allow you to maximize your hard earned contributions and take the maximum tax deductions available, while minimizing your obligation to match your employees contributions. Our plan is designed exactly for that!

Click here for our Fees/Services Comparison Chart.

In the early months and years of business ownership, it is more than likely that your main focus will be more on controlling costs than stashing away excess profits. It is also likely that most non highly compensated employees will be more concerned with covering basic living expenses and things like health insurance before they start contributing to a profit sharing plan.

Remember that part time employees (less than 1000 hours) and 1099 contractors are not eligible for the plan.

The point is this. In the early years, you just won't have much or. any activity within your pension plan. What that means is that your plan won't require constant attention and administration. In reality, it will require little, if any, administration. FIling a year end Form 5500 EZ is a relatively easy task that either you or your accountant can manage rather easily. Form 5500 EZ is a simple one page reporting form that does not have a bottom line total that gets transferred to your personal or business return. This means that the information on this form does not directly affect your tax liability. Yet, we are very aware that our competitors focus on the Form 5500 filing as a primary justification for their monthly admin fee.

Being in business for yourself means being smart about your costs and expenses.

Remember, "Why pay for something you just don't need?"

Pension Pros will offer sufficient guidance on key metrics so that you and your accountant can be sure your plan will remain compliant. We also provide a plan administration kit which lays out your duties and obligations with ready made forms that are easy to follow and implement.

We offer helpful tips to ease any administration tasks that may arise as your business grows.

One example would be to utilize an employee leasing company (PEO) for full time employees. By leasing employees, you remove the obligation to offer those employees a chance to participate in your plan. Many PEO's offer robust 401k plans, so your workers will still have access to a 401k plan, but it will be offered through the PEO, not you.

That simple work around will help to keep your plan administration to a bare minimum.

The bottom line is that we are here to protect your bottom line!
That starts with offering you a fully compliant and workable pension plan that allows you to maximize your own contributions as you become profitable, while reducing unnecessary administrative expenses that drain your profits.

One final comment:
Please note that we are a pension company - our name proclaims that fact!
The cornerstone of the ROBS plan is the newly created pension plan.
Our competitors are mostly lending companies who happen to offer the ROBS program as an add on.

That means that as your business grows and you need to develop a more robust plan to accommodate more full time participating employees, we will be here to guide you through that process. However, today you are at step one in your business growth cycle and simply don't need to be paying excess fees for