GSL Galactic Consulting

QP-SEP Illustrator

Use QP-SEP Illustrator to design an effective tax-qualified retirement plan (QP) or simplified employee pension (SEP) arrangement!

The program does all the math, applies all the legal limits, and prints the results. It determines automatically the maximum permitted integration spread, the tax code's limitations on contributions and their deductibility by the employer.

Four types of plans are supported:

  • Profit sharing (but not 401(k))
  • Money purchase
  • Simplified Employee Pension (SEP)
  • Salary Reduction SEP (SARSEP)

QP-SEP Illustrator can be used by both incorporated and unincorporated (partnership and sole-proprietor) plan sponsors or their advisors.

QP-SEP Illustrator is not intended to replace or circumvent the need for obtaining competent tax and legal advice concerning plan documentation, contributions, or their deductibility.  The program licenses for $150.  Note:  When ordering QP-SEP Illustrator, mention that you found about it on Brentmark's web site and you will get a free software program from Brentmark.

Gary S. Lesser, J.D.
GSL Galactic Consulting
944 Stockton St.
Indianapolis, IN 46260-4925
(317) 254-0385
Fax: (317) 254-0386
E-mail: qpsep@aol.com

Brentmark Software has provided the above information due to requests we have received for software which handles these types of calculations. It is also provided as a service to GSL Galactic Consulting which provided the text.

SIMPLE Illustrator

SIMPLE Illustrator is designed to be used for calculating, allocating, and illustrating contributions under SIMPLE IRA and 401(k) SIMPLE plans.

Maximum contributions salary reduction, matching, and nonelective are automatically determined, applied, and illustrated on two or more pages.

Each illustration contains either two or three side-by-side comparisons from which an employer can choose.

Deductible limits and limitations on annual additions under Internal Revenue Code Sections 404, 408, and 415 are automatically taken into account when applicable.

Salary reduction amounts can be maximized for each employee, be entered as a dollar amount, or as a percentage of each participant's compensation.

Beyond entering the data, there isn't really such else to do! The program is highly functional and does pretty much everything that has to be done.

In the case of a partnership or sole-proprietorship, the nonowner contribution expense is automatically allocated to the owners, but may also be manually entered (provided the percentages total 100 percent).

SIMPLE Illustrator is not intended to replace or circumvent the need for obtaining competent tax and legal advice concerning plan documentation, contributions, or their deductibility. Other plan choices may be available; but none is SIMPLE!  The program licenses for $150.  Note:  When ordering Simple Illustrator, mention that you found about it on Brentmark's web site and you will get a free software program from Brentmark.

Brentmark Software
253 Plaza Dr., Ste. B
Oviedo, FL  32765-6460

1-800-879-6665 or 407-306-6160
Fax: 407-306-6107

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Last modified: September 03, 2014