The names “MVP Plan Administrators, Inc.”, “MVP(k) Plan℠”, or “MVP” contained within this material are to be considered as one and the same. The material/information contained herein is provided by MVP. This material does not provide investment or tax advice nor has any relation to the investment needs, objectives, or situation of any user. The information contained herein has been carefully compiled from sources believed to be reliable. However, MVP makes no guarantee that it is accurate, complete, beneficial, or suitable for any and all uses by intended or unintended recipients (users). The user should verify the validity of the information they use prior to making investment, financial, or tax decisions. Any such decisions are the responsibility of the user. MVP is not liable for such decisions in any way. Nothing contained herein should be construed to be an offer by MVP to sell or recommend investments of any kind. Nothing herein should be construed as, or is intended to constitute, financial, advisory, investment, legal, tax, accounting, regulatory, insurance, or other professional advice to you or any other party. Nothing herein should be acted upon without first obtaining financial, advisory, legal, tax, accounting or other professional advice from a qualified professional with regards to your own personal investment objectives and needs.
To qualify for this program a company must: be an employer in the U.S.; have a valid U.S. billing address; have at least one employee who has received a W2 Wage and Tax Statement; possess a valid U.S. Federal Employer Identification Number (FEIN). The delivery of MVP(k) Plan℠ services, including plan administration, participant statements, billing, and legislative updates and changes in policy and procedure, are web-based. Company must have internet access. Company must agree to the electronic delivery of MVP(k) Plan℠ services, and to adhere to administrative instructions regarding the maintenance of the retirement plans’ qualified status. Terms, conditions, features, availability, pricing, fees, and service and support options are subject to change without notice. MVP(k) Plan℠is not a financial or legal advisor. Companies wishing to participate in this pricing plan, and its individual plan participants, should consult with an attorney, professional tax advisor and/or investment advisor before establishing or changing a 401(k) plan and/or underlying funding vehicles.
Your business must have at least one employee, other than you as the owner, who earns less than $115,000 a year to qualify for a tax credit. The tax credit is equal to 50% of administration and setup charges for your 401(k) not to exceed $500 (www.irs.gov/pub/irs-utl/egtrra_law.pdf, p. 73).