FEBRUARY 20, 2024
2:00 - 3:00 MST
What We'll Cover
Business owners, especially those in consumer goods, find themselves contractually liable to many third parties including vendors, customers, contractors, and employees. An 831(b) Plan provides participants an efficient way to mitigate these risks with tax-deferred funds and allows business owners to continue honoring their warranties through economic uncertainty. In fact, through an 831(b) Plan you can turn your cost center into a profit center.
You Have Unfunded Liabilities
These liabilities (e.g. service contracts, warranties, protection plans, deductibles, etc.) can seem manageable in the short term, however, over the long term they may pose a risk to a business’s cash flow and overall health.
Similarities Between 831(b) and 401k
Much like the 401k tax code allows an employer to set aside tax-deferred dollars for retirement, the 831(b) tax code allows a business to set aside tax-deferred dollars for underinsured and/or uninsured risks.
How an 831(b) Plan Can Be a Turnkey Solution
The 831(b) Plan must act just as an ordinary for-profit insurance company would by following the principles of insurance. Having a plan administrator can ensure a turnkey solution.
Warranty Plan Options
When conducting business with a major retailer, you might find yourself bound by their generous warranty policies. Utilizing an 831(b) Plan can help safeguard your business from these liabilities.
The Importance of Your Plan Administrator
How SRA 831(b) Admin stands apart from the herd as your preferred partner in risk mitigation.
Why Join?
![Safe Harbor Webinar Icons (11) Safe Harbor Webinar Icons (11)](https://safe.831b.com/hs-fs/hubfs/Safe%20Harbor%20Webinar%20Icons%20(11).png?width=150&height=150&name=Safe%20Harbor%20Webinar%20Icons%20(11).png)
Learn how to turn a cost center into a profit center
![Safe Harbor Webinar Icons (10) Safe Harbor Webinar Icons (10)](https://safe.831b.com/hubfs/Safe%20Harbor%20Webinar%20Icons%20(10).png)
Form tools that allow you to honor warranties with tax-deferred funds
![Safe Harbor Webinar Icons (6) Safe Harbor Webinar Icons (6)](https://safe.831b.com/hs-fs/hubfs/Safe%20Harbor%20Webinar%20Icons%20(6).png?width=150&height=150&name=Safe%20Harbor%20Webinar%20Icons%20(6).png)
Uncover the risk mitigation strategies Fortune 500 companies have been using for decades
![Safe Harbor Webinar Icons (9) Safe Harbor Webinar Icons (9)](https://safe.831b.com/hubfs/Safe%20Harbor%20Webinar%20Icons%20(9).png)
Prepare for the "what ifs" more efficiently