Our Versatile Investment Program (VIP) Series features several IRS-approved prototype retirement plan documents allowing eligible employers to offer tax-saving retirement benefits to themselves and their employees.
VIP Basic -- for small, closely held businesses (i.e., owner or owner and spouse only plans) -- and VIP Plus -- for larger businesses seeking enhanced plan design -- provide flexibility as they enable you to establish a 401(k) Plan, Profit Sharing Plan, Money Purchase Plan or combination Profit Sharing/Money Purchase Plan. They give you the ability to tailor your VIP plan to the specific needs of your company.
Using an IRS-approved plan document and a Morgan Stanley Smith Barney brokerage account, your VIP Series plan helps you reduce the usual time and expense associated with drafting a plan document and helps employees better manage plan assets.
Key features
- IRS-approved prototype plan document.
- Contribution flexibility, allowing for both employer and employee contributions.
- Investment flexibility within a special brokerage account that may invest in publicly traded securities, Unit Trusts, Certificates of Deposit and Mutual Funds.
- Low annual fees.
- Automatic daily sweep of uninvested cash balances into our Bank Deposit Program.
The VIP Series also provides updated plan documentation in response to tax and pension law changes.
Our retirement planning services are not financial planning (unless they are specifically called financial planning). They do not create an investment advisory relationship between you and Morgan Stanley Smith Barney. Morgan Stanley Smith Barney can prepare a financial plan at your request.
Tax laws are complex and subject to change. Morgan Stanley Smith Barney LLC, its affiliates and Morgan Stanley Smith Barney Financial Advisors do not provide tax or legal advice and are not “fiduciaries” (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise agreed to in writing by Morgan Stanley Smith Barney. This material was not intended or written to be used for the purpose of avoiding tax penalties that may be imposed on the taxpayer. Individuals are urged to consult their tax or legal advisors before establishing a retirement plan and to understand the tax, ERISA and related consequences of any investments made under such plan.
