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What is a mySOPSM

(my Stock Ownership Plan)

A Employee Stock Ownership Plan, referred to after this as "mySOPSM", is a form of a 401(k) plan setup for your own C-corp. The mySOP's purpose is to purchase the shares of your own C-corp. This structure is designed to get cash from a 401(k) or IRA into a corporation. This is necessary in order for start-ups, small businesses or cash strapped companies to tap cash from employee pension accounts.

Click Here for an Overview Presentation on the mySOPSM

Benefits of the mySOPSM:

  1. Allows for cash to be placed into a company without it being a loan
  2. Eliminates many of the prohibited transaction problems when conducting business
  3. Provides capital for start-ups or other cash strapped businesses
  4. Provides for recourse loans when non-recourse loans are not available or practicle
  5. Can be used in conjunction with a standard 401(k) or stand-alone

How does the mySOPSM work?

  1. Create a C-Corp
  2. Establish the mySOPSM
  3. Roll money into the mySOPSM (from a IRA or former employer's 401(k))
  4. Purchase shares of your C-Corp. This places the cash inside of the business

Strategies for using the mySOPSM:

  • Purchase real estate when only recourse loans are available
  • Provides cash for starting a business and/or buying a franchise
  • Provide capital for a struggling or cash poor business

Click here for a Overview Presentation on the mySOPSM

Professionals and Members Click Here to view the Self Directed 401(k) page for professionals.

Augment this product with an iPROPSM intellectual Property Retirement Ownership Plan. Click Here to learn more.

For more information call:

Ben Barker
Phone:(801)266-9900 X -113
E-mail: ben@nafep.com