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INCOME EXTENSION
The Income Extension program is a dealer loyalty program that can supplement an enrolled Participant’s income beginning as early as age 62. The program is designed for the loyal dealership that aligns its operations and promotions with the brand.
Participants build credit towards the payment of a lumpsum deferred income benefit by continuous Dealer compliance with the Program eligibility requirements, some of which include:
1. Select Bryant as its supplier for at least 75% of its needs for heating, ventilation, and air conditioning (“HVAC”) equipment;
2. Be enrolled as a Factory Authorized Dealer (FAD) at the time of enrollment and maintain FAD status;
Although this is not an official 401k, it is very similar. For full details on requirements, how dollars are accumulated, and how money is paid out visit HVACpartners.
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