Cash Balance Plans
A plan for owners who want to set aside considerably more than a standard workplace plan allows, and who can commit to funding it.
The commitment is the point: contributions follow a formula rather than a yearly choice, so the business needs steady profit behind it.
We look at whether your profit supports that commitment before anyone designs a plan around it.
What this covers
What a cash balance plan asks of you
1
The funding commitment
2
How balances are credited
3
Pairing it with a workplace plan
4
What happens in a lean year
Talk it through before you decide anything.
Tell us where you are and what you are trying to protect.