Blog /
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.
There are a number of potential issues a plan sponsor may face if they use the investment rate of return as the plan’s interest crediting rate.
The number of new Cash Balance Plans continues to rise each year. Here are few things to consider in regards to your Cash Balance Plan.
Recent class action lawsuits targeting the reasonability of actuarial equivalence factors used in defined benefit plans have been making news, what does this mean for you?
A beneficiary form determines who is entitled to the defined contribution retirement plan benefits upon the death of a participant. Is your form current?
Cash balance plans allow high-income earners to save more towards retirement than a defined contribution plan.
Enactment of The Tax Cuts and Jobs Act changed the way taxes are calculated for many taxpayers in 2018, including retirees receiving monthly benefits from a pension plan.
The number of new cash balance plans adopted by employers increased 15% in 2016, compared to a 1% growth in 401(k) plans.
Cash balance plans allow high-income earners to save more towards retirement than a defined contribution plan.
Wondering how to electronically submit a federal withholding tax deposit? While it may seem daunting, the IRS has made it easy for plan sponsors to submit these payments.
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.
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...
The National Retirement Planning Coalition has designated April 11-15 as the 2016 National Retirement Planning week. In celebration, each day this week Watkins Ross will share some fast facts and planning tips on the various types of retirement plans we service....