RS 101
T or F: You can take a loan out and offer no employer match on a SIMPLE IRA
FALSE!
Simple: no loans; Match required
StarterK: 1 loan maximum; No match allowed
401k: loans allowed; No match required
Why RETIREMENT matters? (Name the 4 Rs)
1.REITRE!!!
“You need a paycheck today… you’ll need a paycheck when you retire.”
2. RETAIN!!
“A retirement plan is the second most sought after benefit, right after health insurance.”
3. REDUCE TAXES
“I want to pay more in taxes”, said Nobody. Ever
4. REQUIRED
CalSavers... required for 1+ EE
HOW CAN ADM'S HIRED JAN & AFTER HIT 100% CLUB?
HAVE 5 OF ANY COMBINATION OF SIMPLE, 401K, PAY BY PAY, CLOVER, TLM, STARTER K
Name another state (besides CA) that has mandated a state-sponsored retirement plan as of October 2025?
California Colorado Connecticut Delaware Illinois Hawaii Maine Maryland Massachusetts* Minnesota Missouri Nevada New Jersey New Mexico New York Oregon Rhode Island Vermont Virgina Washington
'I don't need retirement I have Social Security.'
*role play*
SOCIAL SECURITY expected to run out in 2034 and $1290.... yea they ain't gonna cut it????
HOW DOES RAISE YOUR BP WORK?
EARN $200 FOR EVERY NEW PAY BY PAY, HEALTH REFERRAL OR RS PLAN CLOSED!
SELL FIVE & MAKE AN ADDITONAL $100 ON THE 6TH & ABOVE!
What is the annual employee deferral limit for a STARTERK vs SIMPLE IRA vs 401K plan?
STARTER: $6,000
SIMPLE: $17,000
401K: $24,500
'My Business is my retirement'
*role play*
Just one stream, you need more!
Same goes for Real Estate!
WHICH ADM IS LEADING IN RS?
Jacob Liuzzi WITH 11.5 in RS!
VESTING options for SIMPLE VS 401K?
Simple: Contributions 100% vested immediately
401k: Various Vesting Schedules
'I already have my IRA'
*role play*
Good! With who? Would you like to save MORE on your taxes?
MORGAN !!
Form _____ is the annual filing required by the IRS and DOL. When is it due?
Form 5500. It teports important info on the 401k: assets, participants, fees, investments, plan compliance w/ federal laws like ERISA.
DUE JULY 31ST (seven months after the end of the plan year) can file an extension (Oct 15th)
Penalties: IRS up to $150,000 and DOL penalties are often higher; assessed separately.
'I have a 401k already'
*role play*
That’s great! With Who?
We can integrate it with RUN!!
KC :)