Cash
Balance Plans
Cash
Balance Plans
Cash balance plans provide a mix of the best features of defined
benefit and defined contribution plans:
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Larger tax deductible contributions and therefore the faster accumulation of retirement savings like a defined benefit plan. |
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A more understandable and predictable benefit formula that works like a defined contribution plan. |
And, a cash balance plan works great for the business owner who already sponsors a 401(k) plan. It offers the potential to substantially increase the amount the owner can set aside each year with little or no additional cost for other employees.
At Independent Actuaries, Inc., our consultants will:
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Work with you to identify your retirement goals and determine whether a cash balance plan is right for you. |
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Provide the annual administrative and actuarial services to maintain the qualified status of your plan. |
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Prepare all the necessary
documents and forms to wrap up the plan when you are ready to retire. |
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Learn more about cash balance plans. |
Request more information about our
services