Matt Ruttenberg

speaker

364 appearances 1 recordings 1 series first heard Sep 2025 last heard 25 Sep

Matt Ruttenberg’s voice in public audio — every appearance, attributed to the second.

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If you don't, you don't have to use it.

But let's say you want to consistently use it because you have good profits every year.

And what we're going to do is we're going to – there's a gateway here.

between the bottom layer and the top layer.

So what I mean by that is there's a 5% gateway.

Once you start targeting individuals using the new comparability, which 95% of time we're doing new comparability, we're not doing a pro rata.

You're going to have to give everybody the bare minimum of a 5% contribution from your, from the employer.

Okay.

Bare minimum.

And then everybody might get a little bit more.

Okay.

So certain types of,

Safe Harbor 401ks on that bottom layer go towards that 5%.

So it's called a non-elective Safe Harbor.

And it's a 3% that you give to everybody, whether they participate or not.

It's just like a bonus that you give to everybody.

They can put in 20% contribution or zero.

Everybody gets the same 3%.

But that 3% goes towards that 5% minimum on profit sharing.

So now you only have to give them an extra 2%.

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