Broker Check

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.

For more information about our firm and the services we offer, send us a quick email or call the office. We would welcome the opportunity to speak with you.

mwinston@e-planmark.com | (770) 410-4088