• “They are always there!”
     H. Meisl, MD
     California Emergency Physicians

 

 

 

Hope For Small Physician Groups

Small Group Plans

Small groups don’t have the economies of scale nor the resources to set up a cost effective retirement plan.  All too often, small groups have to pay large group fees to get a plan that is designed specifically for their needs.  MedAmerica Financial Services has a plan for you!

Back in 2005, at the request of a small physician group who appreciated the potential of these specialized plans, MedAmerica Financial Services designed a pair of low cost retirement plans specifically designed for small hospital based physician groups.  As of mid 2009, 6 small physician groups have begun to realize the benefits of the small physician group plan:

Benefits:

  • Meets all regulatory requirements of the Internal Revenue Service and Dept. of Labor
  • Allows individual physicians to shelter as much as $90,000 in their retirement plans and save over $35,000 in yearly taxes!  For a group of ten physicians, collective tax savings may amount to $250,000 annually!
  • Allows physicians to invest in virtually any liquid asset.
  • For a group of ten physicians, annual fees for startup plans will average about $3,500 over the first three years!  (Let’s see, spending $3,500 while potentially saving $250,000 in taxes????  That’s a good trade!)
  • Easy start up and implementation

Drawbacks:

  • Unfortunately (for the group), the plans allow so much saving that physicians may opt to retire early.  Sorry!

Need more information, check out the Small Group Retirement Plan Detail

 

 

 

 

 

 

Copyright © 2004-2018 MFSI and Website Design Copyright © Red Rocket Media Group, LLC. All rights reserved.