Qualified Retirement
Plan Services
A better advisory relationship for you retirement plan. For almost 20 years, 5th Street Advisors has been on the vanguard of providing independent fiduciary investment advice to retirement plans. We bring transparency and objectivity to plan structures, helping to reduce costs and increase retirement savings. We work with large employers, small businesses, multiple employer plans, and even startups and sole proprietors.
Section 401(k)
Plans
Cash Balance
Plans
Variable Investment Plans
Self-Employed
WHY SPONSOR A RETIREMENT PLAN?
Sponsoring a retirement plan can be big for you and your business.
Attract and retain the best talent. Retirement plans are increasingly becoming an expected benefit. Having a robust plan can be key for your company's growth.
Save for the future. Qualified plans are central to most individuals retirement planning due to their tax-advantaged treatments. Sponsoring a plan helps employees save towards a successful future.
Optimize tax savings. Contributing towards a qualified plan allows employees and owners to reduce their tax liabilities.
Unique advantages for owners. Owners who sponsor plans can participate as well, allowing them to save for their own retirement while reducing their tax bill. Businesses can even deduct employer contributions to the plan.
OUR VALUE ADD
3(21) and 3(38) Advisor Services. One of the most critical fiduciary duties of a plan sponsor is to prudently manage plan investments. Serving as either a 3(21) or 3(38) fiduciary investment advisor, 5th Street provides sponsors with independent, objective advice. In its role as a fiduciary advisor, 5th Street is compensated solely by a fee and does not receive commissions, 12(b)1 fees, or other forms of revenue sharing from plan investments.
Financial Wellness and Education. We provide a Financial Wellness Program that bridges the gap between employees’ 401(k) and their broader financial lives. We encourage employees to take control of their financial future through personalized consultations with a dedicated team of financial planners, ongoing educational seminars, and regular commentary on the economy and markets.
Benchmarking and Consulting. We help business owners and HR directors navigate the, at times complex, qualified plan space. For businesses seeking to sponsor a qualified plan for the first time, we help choose the correct plan and find the best and most cost efficient administrators and record-keepers. For existing plans seeking due diligence, we provide fee benchmarking analysis, review of investments, and assistance running requests for proposals from service providers.
2022 CONTRIBUTION LIMITS
Limit on employee contributions to 401k, 403b, or 457 plan
$20,500
Limit on age 50+ catchup contributions to 401k, 403b, or 457 plan
$6,500
SIMPLE 401k or SIMPLE IRA contributions limit
$14,000
SIMPLE 401k or SIMPLE IRA age 50+ catchup contributions limit
$3,000
Highly Compensated Employee definition
$135,000
Maximum annual additions to all defined contribution plans by the same employer
$61,000
SEP-IRA contribution limit
$61,000
Traditional and Roth IRA contribution limit
$6,000
Traditional and Roth IRA age 50+ catchup contribution limit
$1,000
Deductible IRA income limit, single, active participant in workplace retirement plan
$68,000 - $78,000
Deductible IRA income limit, married, active participant in workplace retirement plan
$109,000 - $129,000
Deductible IRA income limit, married, spouse is active participant in workplace retirement plan
$204,000 - $214,000