The Uni-K Plan has many benefits beyond its generous contribution limits. Consider the following:
tax advantages. Uni-K contributions are tax-deductible
by your business, and earnings grow on a tax-deferred basis until
contribution flexibility. You decide each year whether
to contribute and how much to contribute.
range of investment choices. Pioneer offers a selection
of mutual funds ranging from conservative to aggressive
so you can tailor your investment program to suit your retirement
- Hassle-free. Uni-K is easy and inexpensive to maintain. Unlike traditional
401(k) plans, there are no complicated discrimination tests
or administrative requirements.
availability. You can take loans from your Uni-K account
-- tax-free and penalty-free -- under the same guidelines
available to large corporate 401(k) plans.
consolidation. Uni-K can be used to consolidate retirement
assets held in different plans to create one convenient
account. Uni-K can also accept rollovers of Roth monies from other 401(k) plans. See additional information below.
Pioneer Uni-K Plan® Highlights
business that employs only owners and their spouses (includes
corporations, partnerships or sole proprietors). Uni-K
is not suitable for businesses with employees.
are discretionary each year. For 2015, the maximum is
the sum of A, B and C below.
A. Employer contribution: Up to 25% of compensation
B. Salary deferral contribution: Up to $18,000
C. Catch-up contribution for individuals age 50 or older: Up to $6,000
A plus B cannot exceed $53,000 or 100% of compensation.
You also have the added flexibility of selecting to have your elective deferral contributions be made on either a pre-tax or Roth basis.¹
can be rolled into Uni-K from most other tax-deferred
retirement plans, including traditional IRA, SEP and Keogh. See additional rollover information below.
up to 50% of account balance or $50,000, whichever is
less. Repayment subject to IRS guidelines.
after age 59½ or upon death, disability or plan termination.²
Investment Management USA Inc. serves as trustee. Generally, annual IRS 5500
filing required when total plan assets exceed $250,000 or seven months after Plan is terminated (regardless of size). Optional
Additional Rollover Information:
If you are retiring or moving on to another job, your retirement plan asset distribution options to consider generally include:
Choice 1: Take your retirement plan assets as a distribution.
Choice 2: Leave your retirement plan assets in your former employer’s plan.
Choice 3: Transfer your retirement plan assets to your new employer’s plan.
Choice 4: Roll your retirement plan assets over into an IRA (i.e., Traditional or Roth as applicable) to another qualified plan - such as the Pioneer Uni-K Plan®.
It is important to note that this is not intended to be an all-encompassing discussion of distribution options available to you. In addition to these choices, you may wish to discuss the following factors with your financial advisor as you weigh your options:
- Investment Options
- Fees and Expenses
- Penalty-Free Withdrawals
- Protection from Creditors
- Required Minimum Distributions
The availability of each may vary from plan-to-plan.
Before investing, consider the product’s investment objectives, risks, charges and expenses. Contact your advisor or Pioneer Investments for a prospectus or summary prospectus containing this information. Read it carefully.