Individual 401(k) Solution

Armada’s Individual 401(k) solution allows independent business owners to save more for retirement than any other type of retirement plan. Individual 401(k)s are available to any business that employs only owners and their spouses or direct descendants. It is appropriate for C corporations, S corporations, partnerships, or sole proprietorships. It is not appropriate for businesses with employees, or those contemplating expansion in the near future.

The advantage of Armada’s Individual 401(k) Solution is that business owners may defer the maximum, voluntary employee contribution, plus the maximum deductible employer contribution of 25%. The highest possible combined contribution would be $40,000. In addition, business owners who are 50 or older can make additional catch-up contributions. Individual 401(k) contributions are tax deductible for the business, and tax-deferred for the individual business owner.

Additional Benefits of Armada’s Individual 401(k) Solution include:

• Higher deductible contribution than SEP or SIMPLE IRAs allows self-employed professionals and business owners to save more aggressively for retirement.
• Complete flexibility in rolling over funds from traditional IRA, SEP-IRA and Keogh plans, as well as transferring assets from other qualified employer-sponsored retirement plans.
• Loans and hardship withdrawals available
• Easy to set up
• Low set up charge – $200
• Lower-than-average annual administrative fees – $200 per year
• Assets are free from the claims of creditors

For more detailed information about the features and advantages of Armada Individual 401(k) Solutions, review our Armada Guide to Employer- and Employee-Funded Retirement Plans.

If you would like to download information about the Armada Individual 401(k) Solution or have additional information mailed to you, click here.

NOT FDIC INSURED · NO BANK GUARANTEE · MAY LOSE VALUE

You should consider the investment objectives, risks, charges and expenses of the Armada Funds carefully before investing. A prospectus may be downloaded and viewed with this and other information about the Funds or may be obtained by contacting an investment professional or by calling 1-800-622-FUND (3863.) Please read it carefully before you invest or send money.

National City Investment Management Company (IMC) serves as investment adviser to Armada Funds for which it receives an investment advisory fee. Shares of Armada Funds are distributed by Professional Funds Distributor, LLC (PFD), 760 Moore Road, King of Prussia, PA 19406. PFD is not affiliated with IMC and is not a bank.