What are the ongoing costs of administering a cash balance retirement plan to legally save on taxes?

In this presentation, I will provide you with an overview of cash balance plans and a reminder that cash balance plans require expenses for establishment and maintenance, as it is not a "set it and forget it" plan.  I will then describe the three primary plan expense categories of the initial plan design and ongoing legal compliance;  the initial and ongoing actuarial calculation and funding support;  and the annual administration and annual reporting. Finally, I will provide you with some practical next steps in determining whether a cash balance plan and its costs are a good fit for your organization. Learn more: https://www.cummings.law/cb/