Everything you need to know for your 2017 Cash Balance Retirement Plan.

Cash balance plans can be great solutions for small firms trying to save on their income tax bill and boost retirement savings. However, if certain criteria are met, cash balance plans can also be effective for larger firms.

Recent legislation encourages more and more professionals and successful business owners to adopt this type of plan.

Defined benefit retirement plans enable successful business owners to significantly increase their retirement savings, while lowering their current income tax liability. Defined benefit plans allow for substantially higher annual contributions for business owners, as compared to other types of retirement plans.

Every company is unique, as are their retirement needs. Our consultants at Benefit Associates, Inc. will sit down with you and will listen to your questions, desires, and concerns and will design a plan or plans that will best suit your needs.