Have you thought of 401(h) trust?

Holicent

VIP Contributor
401(h) trusts are a popular way for employers to offer their employees a retirement plan. They are designed to allow individuals to save for retirement outside of their employer's plan, but still have access to the same benefits as other participants in the company's plan.
The 401(h) trust is distinct from the traditional 401(k) savings plan, which is usually offered by an employer only to salaried employees and not covered by a pension plan. It can be used by retirees as well as active employees who want to save for their own retirement accounts.

401(h) trusts are an important part of retirement planning, because they can help you save and grow your savings faster than you could on your own. A 401(h) trust is a type of legal entity that allows you to control the assets in your account, and take advantage of certain tax benefits. This includes being able to make contributions to the account, or changing the beneficiary at any time.
 

Jasz

VIP Contributor
401(h) trusts are a popular way for employers to offer their employees a retirement plan. They are designed to allow individuals to save for retirement outside of their employer's plan, but they can also be used by other types of employers that want to do the same thing. 401(h) trusts are typically set up as legal entities, or corporations, and they are run by trustees who are usually hired by the employer or its insurance company. The trustee is responsible for managing the 401(h) trust account and making sure that it is well-funded before each contribution period begins.

Once this happens, an employee can elect to make regular withdrawals from his or her 401(h) account in order to fund his or her own personal retirement savings plan. It is important to note that these withdrawals will not be taxed at all under current tax law. It is also possible for an individual who is covered by a 401(h) plan with a pre-tax savings feature (such as SEP or SIMPLE IRA plans) to make additional contributions beyond what their employer contributes on their behalf.
 
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