Cash Balance Plans - Good Candidates
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:
- 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.
- Family businesses
- A Cash Balance Plan can be used as a component of succession planning.
- Closely-held businesses
- Several owners want a greatly enhanced retirement plan.
- 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.
- Medical groups of all sizes
- Tax deferral and asset protection are often very important to this profession.
- Professional firms of all types
- CPAs, engineers, architects, financial services firms, dentists, management consultants and others.
- Older owners who have delayed saving for retirement
- They need to squeeze 20 years of saving into 10.
- Those who highly value asset protection
- ERISA protects all qualified plan assets from creditors in the event of bankruptcy or lawsuit.
- Those who want an enhanced benefits package for executives
- They want to attract and retain high caliber employees.
- 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