ADVANCED TAX PLANNING

Expertise you won't find on Main Street

CASH BALANCE PLANS

THE REASONS FOR THE TREMENDOUS GROWTH

2006 Pension Protection Act: This law clarified IRS approval of the plans, removed any remaining uncertainty about their legal status, and introduced other changes that simplified implementation and administration. Thanks to this legislative shift, cash balance plans became a popular and viable choice for many small business owners.

reduce taxes with cash balance plan

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The 2010 IRS Cash Balance Regulations: New regulations published in 2010 provided greater clarity and expanded options for interest crediting rates, making these plans even more appealing to employers. The new regulations also generated widespread media coverage and greater national awareness of the high contribution limits, tax advantages, and the recruitment/retention power of adding a Cash Balance plan.

The 2014 Final IRS Cash Balance Regulations: Final regulations issued in September 2014 gave plan sponsors a compliance roadmap and greater investment flexibility, including the option to use fixed rates up to 6% and to include multiple investment options within a single cash balance plan.

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Office: 916-674-2164

Home Office: 19720 Jetton Road, Cornelius, NC Third Floor NC 28031

Cash Balance Advisors and its affiliated partners do not provide tax, legal or accounting advice. This website has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction. Cash Balance Advisors and its affiliates may make referrals with respect to cash balance and other tax advantage planning, but you are advised to only consider proposals that have come from third party administrators, CPAs, actuaries and/or attorneys.