Many small business owners wish they could have the best of both worlds for their retirement plan: combining the large benefit and tax deduction provided by a defined benefit plan with the portability and flexibility of a defined contribution plan. The solution may be a type of defined benefit plan referred to as a Cash Balance Plan.
Highlights of this "hybrid plan"
* Grows in two ways: first, by the required annual employer contribution and second, a guaranteed rate of return on the contribution;
* Considers salary only;
* Can be combined with a 401(k) profit sharing plan;
* Can be a centerpiece for attracting and retaining employees; while providing large contributions for the business owner and tax deductions for the business;
* Provides a portable benefit
In this live 45-minute webinar we will cover:
> Definition of a Cash Balance Plan
> The benefits of a Cash Balance Plan
> How annual contributions are calculated
> How to evaluate the advantages of a Cash Balance Plan for your business