For over 20 years, QBC as positioned itself as the premeire retirement planning company in St. Louis, Missouri. QBC specializes in consulting and administration services for all types of employer-sponsored retirement plans.
401(k) plans
Defined Benefit Plans
Currently the most popular plan structure. 401(k)'s are suited for employers who want to encourage employees' pre-tax savings. Employer has flexibility to make matching or profit sharing contributions. See our section About 401(k)s for more information.
403(b) plans
Established by organizations qualified under IRC section 501(c)(3), such as schools, churches and hospitals that want to encourage employees' pre-tax savings.
457 plans
Established by non-profit organizations and state and local governments that want to encourage employees' pre-tax savings.Defined Benefit Plans are best suited for employers who have stable profits and who want to benefit older career employees. Required annual contributions are determined by actuarial computations. Benefits are determined by a definite formula and are usually related to salary and service.
Profit sharing plans
Contributions are discretionary and can be allocated to participants by an integrated, non-integrated or a cross-tested method. For plan years beginning in 2002 the contribution limit has been increased to 25% of salary from 15%.
Money purchase plans
Annual contributions are a fixed commitment. With the recent contribution limit changes to profit sharing plans, Money Purchase Plans will become obsolete.
Employee stock ownership plans (ESOPs) and Leveraged ESOPs
Employee Stock Ownership Plan allows employee to share in company ownership. ESOP plans are also used to defer the gain on the sale of a company. Funds are primarily invested in employer securities.