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It is becoming more common for us to see retirement plans where the owners are not able to fully fund their portion because it is tremendously expensive because of the employees.  We have a special retirement plan design that may allow you (the owner) to maximize your contributions in a very efficient way for the pharmacy cash flow.  We believe that this is one way you should be rewared for taking the risk of pharmacy ownership.  This site is dedicated helping you create a more efficient benefit for the company and fulfill your responsibilities for being a plan sponsor.

Pharmacy 401k plans are a great way to save money and provide a benefit to your employees. Please visit the website at www.pharmacy401k.com to learn more.  Below is Waypoint's blog dedicated to pharmacy 401k plans and retirement planning for pharmacy owners.

Pharmacy Owners:  Who Do You Get 401(k) Retirement Advice From?

Posted by Tyler Campbell on Tue, Aug 16, 2016 @ 10:40 AM

Some decisions on who to call or get advice from are easy, while others can take some time to figure out.

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Tags: pharmacy 401k, community pharmacy owner, retirement plans, community pharmacy retirement program

Independent Community Pharmacy Owners: Switching from a SIMPLE IRA to a 401(k) Retirement Plan

Posted by Tyler Campbell on Thu, Aug 11, 2016 @ 10:27 AM


Around this time of year, independent community pharmacy owners and small business owners alike start evaluating their retirement plan.  Wait... What? You don't do this?  Well don't worry, you are not alone.  In fact, you are in the majority.  The first sentence should read, "This is the time of year for business owners to start evaluating their retirement plan."

Working with independent community pharmacy owners, we see one type of retirement plan that is very popular, the SIMPLE IRA.  Its all in the name, simple to start and simple to maintain.  What pharmacy owners have found, however, is that when using a SIMPLE IRA, even when maxing out contributions, saving enough money to reach their retirement goals is not likely.  For that reason, many pharmacy owners have now started looking into moving to a 401(k).

The following is a simplified rundown of what you need to know about switching from a SIMPLE IRA to a 401(k).

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Tags: pharmacy 401k, community pharmacy, pharmacist 401k, community pharmacy retirement program, community pharmacy 401k, pharmacy owner

Things You Can Add to Your Pharmacy 401k to Improve Outcomes for Your Employees

Posted by Benjamin Coakley on Wed, Jul 13, 2016 @ 12:50 PM


Recently, I had a pharmacy owner ask me what he could do to improve the specific financial/retirement outcomes for the employees in his company sponsored retirement plan. He asked because he really cares about his employees being successful and he wants to offer them a benefit he feels they will not be able to get somewhere else.

This led to a discussion amongst our team members about the services we provide and a personal journey to determine what retirement plan participants want for service and advice. The following are things that we decided pharmacy 401k plan participants (or retirement plan participants if you don't have a 401k) want in the service and solutions provided in a retirement program. We have decided recently that we are going to start offering all these services to all Waypoint 401k and Pharmacy 401k plans.

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Tags: pharmacy 401k, pharmacy retirement plan, life after pharmacy, community pharmacy retirement program, pharmacy 401ks,

The Details Are Very Important for Your Pharmacy 401k

Posted by Benjamin Coakley on Tue, Sep 30, 2014 @ 11:00 AM

We have all heard the term "the devil is in the details" and this applies to all community pharmacy retirement plans. These details are intricate (and often written in the small print) and having a basic understanding of them is important.  These include, plan design, plan fees, service providers, fiduciary responsibility, etc.

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Tags: pharmacy 401k, pharmacy retirement plan, community pharmacy retirement program

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