Cash Balance Plans

  • Annual retirement funding can range up to $250,000 per plan participant

  • A hybrid plan that has the look and feel of a defined contribution plan with the high funding limits of a defined benefit plan

  • The contribution amounts within the Cash Balance plan can be custom-tailored for each owner, employee, or group of employees

  • Generates significant federal and state tax savings which offset the overall cost of the plan

  • Usually works best when designed with a companion 401(k)/profit sharing plan

  • Distributions can be rolled to a personal IRA or any other qualified retirement plan such as a 401(k) plan
Cash Balance

RPS Blog

The MEP/PEP Debate: Are We Better Together?
The MEP/PEP Debate: Are We Better Together?

The MEP/PEP Debate: Are We Better Together?

Nathan Carlson February 22, 2021 401k Employers Retirement 0

When we talk about retirement plans, many employers think of single employer retirement plans. A single employer retirement plan is simply a plan sponsored by one employer (or a related group of employers) for the benefit of its employees. In contrast, a multiple employer plan

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Is There Pandemic Relief for Late Deposits?
Is There Pandemic Relief for Late Deposits?

Is There Pandemic Relief for Late Deposits?

Nathan Carlson February 7, 2021 401k Contribution Limits 0

roper handling of employee 401(k) deferral contributions and loan repayments is one of the most important responsibilities a plan sponsor undertakes. Failure to timely deposit employee deferrals and participant loan repayments is considered by many service providers to be one of the most commonly made

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Terminated Employees? Important Relief is Here.
Terminated Employees? Important Relief is Here.

Terminated Employees? Important Relief is Here.

Nathan Carlson January 22, 2021 401k Employers Payment Protection Plan 0

On December 27, 2020, the Consolidated Appropriations Act, 2021 was signed into law. The Act combines the $1.4 trillion omnibus federal spending package for the 2021 fiscal year and a $900 billion COVID-19 stimulus package that enhances and expands certain provisions of the Coronavirus Aid,

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CARES Act Considerations and Provisions
CARES Act Considerations and Provisions

CARES Act Considerations and Provisions

Nathan Carlson January 13, 2021 401k Covid Retirement Uncategorized 0

As we start 2021, let’s take a look at some of the relevant provisions and changes regarding the CARES Act.

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