Plan Carve OutMaximize Savings for Business Owners



The owners of a large, 750-person physical therapy practice, with several locations in the NY metro area, wanted to provide an employee benefit, but the plan had been designed to treat all employees equally. The owners were getting negligible value from this arrangement.


This is another example of how carving out classes of employees for testing purposes can result in better multiples for the owners. We were able to carve out three classes of people and significantly increase the contribution for the owners while maintaining a reasonable cost for the employees.


In this case, the owners are receiving an additional contribution of $570,000 with an additional employee cost of $80,000. The original legacy 401(k) plan remained intact.

how can we help you?

Contact us at the CPD offices or submit a business inquiry online.

My goal was to implement a retirement plan that, at first, seemed very complicated. Ron and his team helped me understand and implement the plan in a timely manner. All of the individuals that work at the company are very knowledgeable and responsive. I highly recommend CPD.

Mitchell Wolk
Owner, Mitchell Wolk

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