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Use your IRA Rollover or 401(k) to buy or start a franchise or independent business. Roll over your retirement plan balances into an Eligible Individual Account Plan (EIAP) with Tenet Financial Group without incurring taxes or penalties. Use your EIAP for the equity injection required for your SBA Loan or make your investment without incurring any debt at all. Tenet Financial Group has been a trusted advisor and consultant to America’s small businesses for over 20 years.
How it works:
To understand how you can finance your new franchise or independent business by creating an Eligible Individual Account Plan, you must understand two bodies of law. The two bodies of law that govern this type of 401(k) structure are the:
For purposes of an Eligible Individual Account Plan (EIAP) structure, these two bodies of law cover who is eligible and what you can or can not do in a qualified plan, as well as what is deductible going into the plan and how money is taxed when it is taken out of the plan.
The graphic below depicts how assets move within an EIAP.
Fees for an Eligible Individual Account Plan:
At Tenet Financial Group, we charge a one-time flat fee of $4,700 to design and install a new Self-Directed 401(k) Plan & Trust.
We deliver the following services for our fee:
The plan will require administration, trust accounting, and federal reporting every year.
Our annual fee for this service is $1440. For this annual fee we provide the following services each year:
We are also available to assist you with questions you may have throughout the year as it pertains to employees and their status, eligibility, vesting, and other operational issues that may arise from time to time.
We can also assist you with year-end tax planning and options available to you as a result of this structure.
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