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Cash balance plans can significantly boost your retirement strategy if you want a reliable, guaranteed income stream.
Cash balance plans and 401(k)s are both employer-sponsored retirement options, but they work differently. A cash balance plan ...
Cash Balance Online™ empowers TPAs with marketing tools, free plan designs, and a private label option to brand their client’s Cash Balance web portal with the TPA firm logo.
A cash balance plan works towards providing you with a defined benefit at a specific age in retirement. For example, it could offer a pension income equal to 70% of your income at 65.
Why you should start a cash balance plan - the reason is usually a combination of the huge tax savings with added retirement security. What small business owners need to know to set up a pension plan.
For instance, an employee on a cash balance pension plan might receive a promise of 5% of their salary with a 5% interest credit. If they made $100,000 annually, they would receive a pay credit of ...