The Firm that Pioneered Direct Recognition VIP

Chernoff Diamond Consultants are a nationally
recognized leader in the development and
implementation of cash balance, defined benefit,
profit sharing and 401(k) plans.

Direct Recognition VIP

A Qualified Retirement Plan Designed to Optimize Benefits & Minimize Risk

The Direct Recognition Variable Investment Plan (VIP) is designed for business owners and professionals who want large tax deductible contributions without the over/under funding complications of traditional defined benefit plans. VIP plans are flexible, designed to the specific objectives of each plan sponsor. Tax deductible contributions per participant can total $300,000. Participant account balances increase/decrease in direct relationship to investment results. Direct Recognition VIP eliminates under funding, as a result, plan contributions are predictable and consistent. VIP is a qualified plan arrangement approved by IRS in accordance with the Pension Protection Act of 2006 (PPA) and the extensive body of regulations that followed. All plans are individually designed and submitted to IRS for favorable determination.

Direct Recognition VIP

Fully deductible contribution to $300,000 per partner
Minimize costs for staff
Invest pursuant to your objectives
No under/over funding
Maximize retirement benefits
Virtually unlimited investment options
Assets grow tax-deferred
Plan assets exempt from creditor claims

Thinking Outside the Box, Without Stepping Out of Bounds

Chernoff Diamond sets the standard with "business smart" plans that are efficient, effective and responsive to the specific needs of each client.

Maximum Flexibility

The Direct Recognition VIP plan is designed to the specific objectives of each plan sponsor. Participant account balances increase/decrease in direct relationship to investment results.

No Under-Funding

Direct Recognition VIP eliminates the under/over funding complications of tradtitional DB and Cash Balance plans, and increases contributions far in excess of defined contribution Profit Sharing/401(k) plans.

Administrative Ease - High Tech, High Touch

The professionals at Chernoff Diamond combine "business smart" perspective with state of the art systems to design, implement and administer cash balance, 401(k) plans, profit sharing and traditional pension plans.

Maximum Flexibility
Self-Directed Accounts
Unlimited Investment Choices
Dedicated Service Consultants

Total Access

Online participant account balances and administrative reports, 24/7.

This information is intended for informational purposes only and not intended to replace the advice of a qualified tax advisor.