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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The Optometry Money Podcast · Profit Sharing Demystified: How Optometry Practice Owners Can Maximize Their 401(k) with Matt Ruttenberg · 25 Sep 2025 podcast

If you do a match versus the non-elective, you're stacking.

Let's say it's a 3% match or a 4% match.

You're stacking it on top of the five.

And now you got to give them eight or 9% of their annual salary instead of just five.

So that's just a really good example of what we need to do to make sure and really understand what the goal is.

And that's something you can change and amend from year to year because maybe your profit went higher.

You're not in growth mode.

You're in now more a stable company and you're just trying to get profits instead of maybe expand into other offices or something like that.

That's very important to understand what those goals are through those questions that we ask.

But it is very, very important that if you're going to do profit sharing every year, a match is probably not the best way to do it.

A non-elective contribution goes towards the profit sharing calculations, which means less to the employees and a higher efficiency rating that goes to the employer.

Yeah.

So this is where the efficiency, I've been saying the efficiency rating a few times.

Efficiency rating, just to kind of sum that up, is how much do we have to give to the employees and how much does the owner get to take home with them?

And when you start adding that third layer, this is that third layer on the retirement plan stack, the efficiency rating goes through the roof.

I'm talking 90% or more.

The one plan design where we were able to segment out, for example, this is a great case study

very, very efficient where we were able to put a million dollars total into the plan per year.

And we only had to give 70,000 to the employees.

That's a 93%, 1 million.

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