Multiple Contributions

Can the Qualified Pension Plan receive contributions from several sources?
 
Maximizing the number of financial tributaries that can flow into a qualified retirement plan enables the plan owners and participants to reach their financial goals sooner, as well as reduce the number of plans needed to achieve those goals.

Using a single plan to attain all of your retirement accumulation goals reduces administrative costs.
 
Beneco Benestar plans can receive contributions from several sources.

The plans allow for contributions from (1) prevailing wage fringe benefit contributions on public work projects; (2) 401(k) elective deferrals (3) employer match contributions; and (4) profit sharing contributions.

The Benestar plans provide plan owners with quarterly participant statements that report on the dollars in each account itemized by the source.