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Carve Out Graphic Goes Here!		412i Carve Out - A Carve Out is actually two plans. A 412i is implemented for the owner group (plus selected executive or key personnel). Additional employees are added to the 412i plan until it passes the non discrimination standards set forth in IRS regulations.

	A 401k plan is wrapped around the 412i plan, to satisfy the non discrimination requirements. Contributions for the 401k plan are always substantially lower than the corresponding 412i costs.

	The final result is a split funded arrangement involving two plans, that garner a 70%- 90% contribution share for the owners. To view an actual 412i Carve Out of 15 employees click 'next' above.