Defer up to $338,000 Annually on a Tax-Deferred Basis
The Direct Recognition Variable Investment Plan (VIP) is a qualified retirement plan designed to optimize benefits, mitigate risk and minimize costs for Private Equity, Alternative Investment, Venture Capital, Investment Bank and Family office professionals who seek high tax-deductible contributions in excess of the defined contribution plan limits.
VIP Plan Advantages
- Contributions are tax deductible
- Total contributions can be as high as $338,000* per person
- Plan assets are exempt from creditors
- Risk of the plan becoming underfunded is mitigated
- Plan contributions are known, consistent and reliable
- With the risk of underfunding mitigated, the plan assets can be invested to optimize returns
- Every plan is submitted to the IRS for approval**
How VIP Works
Learn why Cherry Bekaert Benefits Consulting VIP plan is the right choice for Private Equity firms.