Cash Balance Plans - Good Candidates

A Cash Balance Plan may be ideal for your company or firm if it falls into any of the following categories:

1. Highly profitable companies of all types and sizes
• Usually indicated by the owner’s desire for a larger tax deduction.
• Principals earning more than $260,000 per year.
2. Family businesses
• A Cash Balance Plan can be used as a component of succession planning.
3. Closely-held businesses
• Several owners want a greatly enhanced retirement plan.
4. Law firms of all sizes
• Tax deferral and asset protection are often very important to this profession, along with a highly competitive retirement package to help attract and retain top talent.
5. Medical groups of all sizes
• Tax deferral and asset protection are often very important to this profession.
6. Professional firms of all types
• CPAs, engineers, architects, financial services firms, dentists, management consultants and others.
7. Older owners who have delayed saving for retirement
• They need to squeeze 20 years of saving into 10.
8. Those who highly value asset protection
• ERISA protects all qualified plan assets from creditors in the event of bankruptcy or lawsuit.
9. Those who want an enhanced benefits package for executives
• They want to attract and retain high caliber employees.
10. Sole proprietors with income exceeding $260,000 per year
• All entity-types apply.