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Planning for Your Future: Understanding Retirement and Profit Sharing at TBG

June 5th, 2025

For many, retirement might feel like a distant chapter, but planning for it now can make all the difference. At The Bonadio Group (TBG), we believe in investing in your future — not just through professional development, but also through comprehensive financial benefits. One of the most common questions we get is about our retirement plan, which combines a traditional 401(k) with a discretionary profit-sharing program, based on firm performance. Let’s break it down.

Why Retirement Planning Matters

Preparing for retirement is one of the most impactful financial steps you can take. It ensures that when the time comes to step away from work, you can do so with confidence and stability.

But the reality is, many Americans are falling short. According to the Federal Reserve, about 66% of adults feel they’re behind on retirement savings— and a growing number are finding it tough just to cover everyday expenses, let alone set money aside for the future.

Relying solely on Social Security isn’t a realistic solution either. The average annual benefit is only $23,150, which leaves a significant gap when it comes to funding a comfortable retirement lifestyle.

That’s where employer-supported retirement plans, like TBG’s, become so important. We’re here to help you bridge that gap.

Our Approach: 401(k) + Profit Sharing

TBG’s retirement plan, in partnership with J.P. Morgan Chase, includes two components:

  • A 401(k) Retirement Plan: This allows you to contribute a portion of your salary, pre-tax, to a retirement savings account. Employees may also contribute via Roth contributions as well. You’re in control of how much you contribute — up to the annual IRS limit ($23,500 in 2025, with an additional $7,500 for those 50+).  In 2025, individuals between the ages of 60–63 can take advantage of a “super catch-up” provision, allowing them to contribute up to $11,250 instead of $7,500. Those outside this age range remain eligible for the standard $7,500 catch-up contribution.
  • Profit Sharing: Unlike a traditional employer match, our profit-sharing program allows TBG to contribute a percentage of your compensation based on the firm’s performance. This discretionary contribution is a way we celebrate shared success.

What Sets Our Plan Apart?

  • Auto-enrollment & Automatic Increases: After a short 60-day waiting period, you’ll be automatically enrolled with a 6% contribution rate (unless you opt out), with annual increases of 1% up to 15%. This helps you build your nest egg with minimal effort.
  • Eligibility: Most full-time employees who work a minimum of 1,000 hours annually are eligible to participate in the Firm sponsored 401(k) and receive a discretionary profit-sharing contribution.
  • Profit Sharing Timeline: If you meet the hour requirement and are employed through December 31, a profit share contribution will be made to your 401k no later than September 15th. For example, employees who work 1,000+ hours in 2025 will receive their profit share contribution no later than September 15, 2026.
  • Vesting: You’re always 100% vested in your own contributions — that money is yours from day one. TBG’s profit sharing contributions vest over six years, rewarding long-term commitment.

Flexibility When You Need It

Life happens, and our plan is built to offer support through:

  • Hardship Distributions for urgent financial needs.
  • Loan Options from your vested account balance.
  • In-Service Withdrawals once you reach age 59½.

And if your journey with TBG ever changes course, your vested balance is available to you immediately upon departure.

TBG’s retirement plan is more than just a benefit — it’s a commitment to your long-term well-being. Whether you’re early in your career or nearing retirement, our 401(k) and discretionary profit-sharing structure is designed to grow with you and reward your contributions to our shared success.

If you have questions or want to learn more about how to make the most of your retirement benefits, don’t hesitate to reach out. Your future is worth planning for — and we’re here to help you every step of the way.

Ready to take the next step? Check out our current openings to find your next opportunity. Whether you’re a new college graduate or an experienced professional, we’d love to connect with you and support you in finding the right career path!

This material has been prepared for general, informational purposes only and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. Should you require any such advice, please contact us directly. The information contained herein does not create, and your review or use of the information does not constitute, an accountant-client relationship.