Cash Balance Plan Compliance Requirements: Legally Reducing Taxes for High Earners

In this presentation, I will provide you with an overview of cash balance plan IRS requirements and explain why cash balance plans require more compliance expenditures than 401(k) plans.  Cash balance plans bring a different set of IRS testing rules, non-discrimination requirements, and annual reporting obligations.  I will then describe the responsibilities of the organization to provide accurate timely employee data to the actuary and plan recordkeeper while also ensuring timely funding deposits.  Finally, I will discuss the IRS requirement of filing Form 5500s annually. Learn more: https://www.cummings.law/cb/