Did you know that these plans can provide more than just possible tax deductions? Cash balance plan benefits also include possible increases in retirement accumulation and a guaranteed benefit to your employees.
Cash balance plans have become the choice for businesses to provide significant retirement accumulations for business owners and key employees while meeting the employer obligation to provide a meaningful retirement benefit to employees. They generally allow for significantly higher deduction levels and annual retirement accumulation than 401(k) or Profit Sharing Plans, but operate in a way that makes them easier for employees to understand and easier for businesses to administer than traditional defined benefit pension plans.
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