Benefits Square is your trusted partner for Cash Balance Plans. We specialize in designing and administering retirement plans that provide business owners and high-income professionals with powerful tax-efficient savings strategies. With our expertise in Cash Balance Plans, we help you maximize retirement savings and create a secure financial future.
What is a Cash Balance Plan?
A Cash Balance Plan is a type of defined benefit plan that combines elements of both traditional pension plans and defined contribution plans. It offers a unique retirement savings opportunity, particularly for business owners and highly compensated employees. Unlike a traditional 401(k) plan, Cash Balance Plans allow participants to accumulate benefits at a faster rate, potentially resulting in higher retirement income.
At Benefits Square, we are committed to helping you navigate the complexities of retirement planning and optimize your retirement savings with Cash Balance Plans. Our team of retirement plan experts will guide you through the design, implementation, and administration process, ensuring compliance with applicable regulations. Contact us today to explore how a Cash Balance Plan can benefit your business and provide a powerful retirement savings solution for you and your employees.