Accelerate your retirement savings with a cash balance plan

A cash balance plan can turbocharge a business owner’s retirement savings. In 2017, employer contributions and employee deferrals to defined contribution plans like 401(k)s are limited to $54,000 ($60,000 for employees age 50 or older). Nondiscrimination rules that prevent a plan from favoring highly compensated employees can further reduce contributions to an owner’s account. But cash balance plans are instead subject to a cap on annual benefit payouts in retirement, and contributions may be as high as necessary to fund those benefits. Contact us for details.