Why adding a Cash Balance Plan After a 401(k) Plan benefits owners

In this presentation, I will provide you with an explanation how owners of small organizations can maximize their tax savings while also significantly contributing to their employees’ retirement savings with the overview of stacking a cash balance plan on top of a 401(k) Plan.  I will also discuss why offering only a 401(k) Plan is not sufficient for an owner’s retirement accumulation in a tax-favored retirement plan as well as provide examples of how integrating the two plans positively affect owners’ retirement accumulations.  Finally, I will explain why the age of owners and staff employees matter and explain which types of companies may not be a good fit for cash balance plans. Learn more: https://www.cummings.law/cb/