Is a Cash Balance Plan Right for You?
A Cash Balance Plan is an IRS-qualified, hybrid retirement plan that combines the high contribution limits of a traditional pension with the flexibility and portability of a 401(k).
Cash Balance Plans are ideal for:
- Professional services (doctors, dentists, lawyers, accountants)
- Business owners seeking higher tax-deferred savings
- Companies looking to attract and retain top talent
Key Features:
- Significantly higher contribution limits than traditional 401(k) plans
- Employer-funded retirement plan
- Contributions are made to, and benefits are paid from, a pooled account
- Annual account statements for participants
CBIZ offers a complete solution to help you assess, install, maintain, and unwind a cash balance plan. We are uniquely positioned to serve as both an adviser and third-party administrator with experience in designing, performing and implementing annual administration, plan document, and consulting services.
Fill out the form for more information or to schedule a consultation.
Investment advisory services provided through CBIZ Investment Advisory Services, LLC, a registered investment adviser and a wholly owned subsidiary of CBIZ, Inc.
Third party administration, actuarial, and other consulting services offered through CBIZ Benefits & Insurance Services, Inc.
Discover the Benefits of Cash Balance Plans
CBIZ offers a complete solution to help you assess, install, maintain, and unwind a cash balance plan. Our team has the specialized experience needed to help you design a cash balance plan that can increase savings and reduce tax liability.
