AnnuityGuy63
Expert
- 53
Is there anyway to create a 401k for a small company using FIA's? and give the employees a traditional or Roth option?
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Is there anyway to create a 401k for a small company using FIA's? and give the employees a traditional or Roth option?
No, he asked in the exact right place.
As far as I know, Lafayette Life is the only company that has a group fixed indexed annuity for qualified plans.
[EXTERNAL LINK] - Group Marquis Fixed Indexed Annuities
Excellent points. Just saying that there are ways to go about this without a securities license.
Btw, here's a non-registered group variable annuity:
[EXTERNAL LINK] - WealthQuest III Non-Registered Group Unallocated Variable Annuity
Per the 'fine print' on this PDF:
"Non-Registered WealthQuest® III Group Unallocated Variable Annuity has been developed exclusively for funding Pension Plans, Profit Sharing Plans, and 401(k) Plans. Information herein is not intended to be legal or tax advice. You should consult with an attorney or tax advisor for specific circumstances."
https://img.anicoweb.com/wps/wcm/co...-57540644-29ea-44d3-b522-cbf6be65af75-o2W9Atp
Now, this isn't a fixed indexed annuity, but it is an annuity for funding a 401(k) and no, you don't need a securities license... depending on the state, if I remember correctly.
Excellent points. Just saying that there are ways to go about this without a securities license.
Btw, here's a non-registered group variable annuity:
[EXTERNAL LINK] - WealthQuest III Non-Registered Group Unallocated Variable Annuity
Per the 'fine print' on this PDF:
"Non-Registered WealthQuest® III Group Unallocated Variable Annuity has been developed exclusively for funding Pension Plans, Profit Sharing Plans, and 401(k) Plans. Information herein is not intended to be legal or tax advice. You should consult with an attorney or tax advisor for specific circumstances."
https://img.anicoweb.com/wps/wcm/co...-57540644-29ea-44d3-b522-cbf6be65af75-o2W9Atp
Now, this isn't a fixed indexed annuity, but it is an annuity for funding a 401(k) and no, you don't need a securities license... depending on the state, if I remember correctly.
Some states do allow non-registered reps to sell Group Annuities that have mutual funds in them. Idk about your state.