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Cash Balance Plans

Are you a member of a medical practice group, a partner in a multi-generational family-owned business, or the owner or shareholder of a single-member S-Corp with large S-Corp distributions? A cash balance plan may be the perfect fit for you. Cash balance plans allow high-income earners to benefit beyond the limitations of a profit sharing plan or typical 401(k) by providing a principal credit and interest credit each year within an individual “hypothetical” account. Each cash balance plan maintains a set of funding limits, requirements, and risks outlined in the plan documents; maximum allocation limits typically exceed limits in defined contribution plans. Learn more about cash balance plans, including details about annuity forms of payment, tax-deferred savings, and minimum funding requirements by browsing our cash balance plan articles on the Watkins Ross blog. Interested in discovering how a cash balance plan can enhance your retirement plan benefits? Connect with the Watkins Ross cash balance plan administration team to capitalize on our decades of experience designing and administering cash balance plans for a variety of business types and industries.

Questions to Ask When Choosing an Actuary For Your Cash Balance Plan

Questions to Ask When Choosing an Actuary For Your Cash Balance Plan

Cash Balance Plans can provide rapid accumulation of benefits and significant tax deductions. Accurate and timely administration of a Cash Balance Plan is critical to the success of the plan, so it’s imperative to enlist the right team of professionals. The following questions can help you through the process when choosing an actuary for your Cash Balance Plan.

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Cash Balance Plans Are On The Rise

Cash Balance Plans Are On The RiseAccording to the new research released in the Kravitz Inc. 2017 National Cash Balance Research Report, the number of new cash balance plans adopted by employers increased 17% in 2015. The popularity of cash balance plans have...

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