Understanding the Combo 401(k) & Cash Balance Plan As a tax attorney with a Master’s Degree in taxation, I can pretty much read any provision…
Why Your Employees May be Better off with a Cash Balance Plan than a Traditional Defined Benefit Pension Plan Behind every successful business you will…
Dental Practices – How to Choose the Best Retirement Plan COVID-19 has dramatically impacted almost all medical practices, including dental offices. Starting in the middle…
Is My Business Right for a Cash Balance Plan? A cash balance plan is a type of defined benefit plan. Similar to traditional defined benefit…
What is the Pension Benefit Guaranty Corporation (PBGC)? Pension Benefit Guaranty Corporation, or PBGC, insures defined benefit plans offered by private-sector employers. The PBGC only covers…
How do Cash Balance Plans Differ from Traditional Pension Plans? There are two general types of pension plans — defined benefit plans and defined contribution…
What is ERISA? The Employee Retirement Income Security Act of 1974, or ERISA, protects the assets of millions of Americans so that funds placed in…
Why Do I Need an Actuary for My Defined Benefit Plan? Pension actuaries suggest methods to eliminate or reduce damage to parties if a future…
The Power of the Cash Balance/401(k) Combo Plan In a cash balance plan, the rules do not limit the annual contribution amount but instead limit…
What Is a Cash Balance/401(k) Combo Plan For those business owners who are seeking to make annual plan contributions in excess of the 401(k) limitations,…