We provide ongoing Actuarial Services to over 550 qualified retirement plan sponsors located in all 50 states. Since 2006, we have designed and installed over 400 new Cash Balance Pension Plans.
Cash Balance Plans provide great tax and economic benefits for individuals and plan sponsors. However, there are some important plan design considerations that should be factored into the decision of a proper investment allocation.
Sometimes adding to or providing
for an insured pre-retirement death benefit in a Cash Balance or
Defined Benefit Plan makes sense
for a plan sponsor. Doing so may
enable a plan sponsor to pay for
life insurance premiums on a tax deductible basis.
Cash Balance and Defined Benefit Plans are set up to accomplish certain goals. When those goals are met, it makes sense to terminate the plan.