ING Plans

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ING 401(k) Plans

Retirement plans are not all the same. The low cost providers make you do all the work and take on all the liability. In the end you get a vanilla plan that doesn't meet your needs. Of course you could hire a plan consulting firm that offers sophisticated plan design and ongoing support services. However, the plan you get would probably be expensive to set up and maintain. Wouldn't it be great to find a consultant that could design a State of the Art plan for the needs of your company at an affordable price?

Through our partnership with ING, Hayashi & Wayland Retirement Plan Services provides cost efficient, full-featured retirement plans that are custom designed to meet the needs of your company. Don't settle for an expensive plan or one that is designed to fit everyone. Take a moment to check out the plan features we offer and view the ING Plan Sponsor and Participant web sites. Then contact one of our consultants to see how we can help you. It has never been easier to set up a great retirement plan at a great price.

Full-Featured Retirement Plans:

Consultants help you select the best retirement plan for your company.
Comprehensive consulting, plan administrative and record keeping.
A vast selection of investment options from leading mutual fund companies.
Plan access 24 hours a day, 7 days a week.
Participants can make informed decisions by using the educational and investment tools.

ING 403(b) Plans

Through our partnership with ING, Hayashi & Wayland Retirement Plan Services provides cost efficient, full-featured retirement plans that are custom designed to meet the needs of your company. Don't settle for an expensive plan or one that fits everyone. Take a moment to check out the plan features we offer and view the ING web site. Then contact one of our consultants to see how we can help you. It has never been easier to set up a great retirement plan at a great price.

ING 457(b) Plans

Through our partnership with ING, Hayashi & Wayland Retirement Plan Services provides cost efficient, full-featured retirement plans that are custom designed to meet the needs of your company. Don't settle for an expensive plan or one that fits everyone. Take a moment to check out the plan features we offer and view the ING web site. Then contact one of our consultants to see how we can help you. It has never been easier to set up a great retirement plan at a great price.

ING Defined Benefit Plans

Ready to learn how to deduct $100,000 or more each year and save $40,000 or more in taxes?

Benefits Your Client:

Highest retirement contributions each year - $100,000 or more (greater than 25% of compensation) if a client qualifies.
More than $500,000 in tax deductions over ten years.
Can produce a substantial retirement fund in a few years.
Investments grow tax-deferred building wealth faster.

Benefits You:

A large, steady stream of investment dollars each year for you to manage.
Simplified plan set-up and administration - no need to be a technical specialist.
You prospect and qualify clients. We help you close the sale and set up the plan.

Eligibility Test:

DB isn't right for everyone. Here's a quick test to find out if it's right for your client:

Is your client 45 years of age or older?
Does client want to contribute more than $49,000 annually to their retirement plan?
Does client expect to be able to make that contribution for at least three to five years?
Has not contributed to a qualified retirement plan this year?

High income earners 50 or older may be eligible to contribute to a defined benefit three or four times the amount they might otherwise contribute to a SEP, SIMPLE IRA, or a combined 401(k)/Profit Sharing Plan.

How A Defined Benefit Plan Works ~ Example:

Richard is age 52 and owns a consulting company earning $170,000 annually, with no employees. Because of his age income and intention to retire at age 62, he is able to contribute approximately $150,000. Which is a tax savings of $56,680 each year. Compared to:

Plan participants 50 and older may contribute an additional $2,500 to a SIMPLE IRA, and $5,500 to a 401(k).

Frequently Asked Questions:

Q: What is the right retirement age?
A: The typical retirement age is between 62 and the later of age 65 or 5 years.

Q: How do I know how much money can be contributed each year to the Defined Benefit plan?
A: Hayashi& Wayland Retirement Plan Services informs you annually of the contribution requirements for the coming year. At year-end of that year, Hayashi & Wayland again reminds you to fully fund the contribution before filling your taxes.

Q: Upon retirement, what happens to the plan and its assets?
A: The plan is generally terminated and the assets rolled into an IRA account, at which time the normal IRA rules on tax deferred growth and mandatory distribution apply.

Q: Does my accountant need to do extra tax filling preparation because of my Defined Benefit plan?
A: No. Hayashi & Wayland Retirement Plan Services provides you with all the plan tax forms and calculations.

Q: Can you do both a 401(k) and a Defined Benefit?
A: Under certain conditions, you may combine 401(k) contributions with a Defined Benefit plan. Ask your Hayashi & Wayland Retirement Plan Services Representative for more information.