"No-Fee" Retirement Accounts

Volumetric Fund offers a variety of "no-fee" retirement accounts for individuals (both traditional and Roth IRAs), corporations (pension plans) and the self employed (SEP, Individual 401(K)). 

If you open, transfer or rollover an IRA or SEP account into Volumetric Fund, there are no set-up or annual fees. This assumes that your initial investment is at least $2,000. If your investment is less than $2,000 there is an annual fee of $20. For further information please see our "Prospectus" web page. 

 

Transfer And Rollover Of Retirement Accounts

If you wish to rollover or transfer your retirement account into Volumetric Fund from a bank, broker, employer or other organization, please give us a call at 800-541-3863. We will be happy to assist you and send you the appropriate forms. 

Take Advantage of Volumetric Fund, by Transferring: 

  • Accounts from previous employers
  • Accounts from current employers
  • Retirement accounts held elsewhere

 

Business Retirement Accounts

Volumetric offers several types of retirement accounts for businesses. We can advise you how your business can take advantage of tax deferred savings. The following retirement accounts are available:

  • Qualified Retirement Plans
  • SEP-IRA Accounts
  • SIMPLE Plans
  • 401(K) Plans

 

Retirement Account Types

To get more information on types of retirement options select the type of account you are interested in:

Retirement account for an:

  • Individual Retirement Accounts <goes to Individual Accounts page>
  • Business Retirement Accounts <goes to Business Accounts page>

 

Or for general retirement information, visit Equity Trust's (Volumetric's IRA custodians) website

 


 

Individual Retirement Accounts:

Below are general guidelines to the various retirement accounts available. While this gives a general outline, please contact your tax accountant for any tax advice and eligibility. 

 

 Traditional IRAs

  • Overview: Allows working individuals to contribute earnings towards retirement. Earnings and qualified contributions are tax deferred until withdrawn.  This can also be funded for a non-wage earning spouse.
  • Contribution Deductibility: for 2013 is the lesser of $5,500 ($6,500 if age 50 or older before the end of the calendar year) or earned income for the year. It is fully deductible if not covered by a retirement plan at work. If a work retirement plan is available deductibility will be determined by the filing status and the Adjusted Gross Income (AGI).
  • Eligibility: Anyone under 70 1/2 with earned income.
  • Tax Advantage: It grows tax free. Therefore, taxes on gains, dividends and interest are deferred until the money is withdrawn
  • Withdrawals: taxed as ordinary income except those that are classed as non-deducible contributions.  
  • Timing: Withdrawals may potentially be taken without penalty in certain situations, including but, not limited to:
    • Reaching age 59½ 
    • death or permanent disability
    • first-time home purchase ($10,000 lifetime maximum)
    • qualified higher-education expenses
    • substantially equal periodic payments
  • Penalty: Other withdrawals may incur a 10% penalty tax
  • Required Distribution: Minimum distributions must be taken by April 1 of the year following the year in which the account holder reaches age 70½.

 

ROTH IRAs and Roth Conversion IRAs

  • Overview: A Roth IRA accepts only non-deductible contributions, but all earnings and subsequent qualified distributions are tax-free.
  • Contribution Deductibility: None.
  • Eligibility:  Anyone with an adjusted gross income below the IRS limits. 
  • Tax Advantage: Tax-deferred growth and tax-free qualified withdrawals.
  • Withdrawals: 
    • Timing: Qualified withdrawals include:
    • Reaching age 59½ 
    • Death or disability
    • First-time home purchase (up to $10,000)
  • Required Distribution: No required distribution starting date or amount until the death of the account holder

 

Roth Conversions - Traditional IRAs, SIMPLE IRAs and SEP IRAs can be converted by paying income taxes (but no tax penalties) on the IRA distribution before rolling over to a Roth IRA. See above ROTH IRAs for additional details. 

 

For further details about retirement options, please call us at 800-541-FUND or you can visit the website of our trustee, Principal Trust:     

 Go to Equity Institutional's Website

 

 

 


 

Business Retirement Accounts:

 

Below are general guidelines to the various retirement accounts available. While this gives a general outline, please contact your tax accountant for any tax advice and eligibility. 

 

SEP 

  •  Overview: The Simplified Employee Pension (SEP) IRA is a program that permits employers to make tax deductible contributions on behalf of themselves and their employees without complicated administration and high cost
  • Advantages of SEP:
    • Plan documents are simple and easy to administer
    • Flexible contribution percentage from year to year
    • Requires no non-discrimination testing or Form 5500 filings
    • Administration cost is low
  • Annual Contributions:
    • Employer: Discretionary contribution allocated uniformly. Total contributions per employee are the lesser of 25% of compensation or $51,000 in 2013
    • Employees:May make their normal IRA contribution to the IRA funding the SEP. These contributions are treated in the same manner as contributions to a traditional IRA
  • Availability to: Any employer can establish a SEP.
  • Deadlines: Established and funded by tax filing deadline, including extensions
  • Vesting: Immediately 100% vested
  • Loans: Not Available
  • Withdrawals: In-service withdrawals permitted, subject to income tax and 10% early withdrawal penalty may apply (see IRA Withdrawals)

 

SIMPLE IRA 

  • Overview: The Savings Incentive Match Plan for Employees (SIMPLE IRA) permits employers to offer a salary deferral plan to their employees without complicated administration and high cost
  • Advantages of SEP:
    • Includes features of a 401(k) plan, such as salary deferrals, but is easier to administer
    • Requires no top-heavy, non-discrimination testing, or IRS Form 5500 filings
    • Administration responsibilities are few and cost is low
  • Annual Contributions:
    • Employer: Required contribution allocated uniformly using one of two methods:
      • 100% matching contribution on salary reduction contributions up to 3% of compensation, or
      • non-elective contribution for all eligible employees of 2%
    • Employees: pre-tax deferrals up to $12,000 in 2013, plus $2,500 catch-up (age 50 and over).
  • Availability to: Employers with 100 or fewer eligible employees and those who generally offer no other tax-advantaged savings plans during the current year.
  • Deadlines: May be set up on any date between January 1 and October 1 provided the plan sponsor did not previously maintain a SIMPLE IRA plan. If the plan sponsor previously maintained a SIMPLE IRA plan, a SIMPLE IRA may only be set up on January 1. 
  • Matching and non-elective employer contributions must be made to the financial institution maintaining the SIMPLE IRA no later than the due date for filing the employer’s income tax return, including extensions, for the taxable year that includes the last day of the calendar year for which the contributions are made.
  • Vesting: Immediately 100% vested
  • Loans: Not Available
  • Withdrawals: In-service withdrawals permitted, subject to income tax and 10% early withdrawal penalty may apply (see IRA Withdrawals)

 

Note: If the withdrawal occurs during the 2-year period beginning on the date on which the individual first participated in and SIMPLE IRA plan maintained by the employer, the 10% penalty may be increased to 25%

  

For further details about retirement options, please call us at 800-541-FUND or you can visit the website of our trustee, Principal Trust:     

Go to Equity Institutional's Website