More Details on Cash Balance Plans

We let you know about a webinar on how a cash balance plan works

Photo by Linda Tatler on Unsplash

Last week we discussed an income tax planning tool available to farmers to help with retirement to defer the income related to their built-up grain. That tool is a cash balance plan.

I had meet Chris Roehm about a year ago and he helps farmers and others set up a cash balance plan and he is now accredited with NASBA which allows him to provide CPE for CPAs.

He is putting on a one-hour webinar on Tuesday November 16 at 1 pm CT. He will cover the following topics:

I. Qualified Plans Overview – DB vs DC

II. Regulatory Changes and Updates

III. Modern Cash Balance Plan Design

IV. Market Opportunity + Ideal Clients

V. Comparison to Other Plan Types

VI. Range of Maximum and Minimum Contribution Calculation

VII. Adding a CB Plan to an Existing 401k Profit Sharing Plan

VIII. Flexibility with Permanency, Annual Funding, and Investment Risk

IX. Fees, Administration and Compliance

X. Three Case Studies

1. Small Sole Proprietor Plan - $100,000 annual contribution

2. Large Sole Proprietor Plan - $600,000 annual contribution

3. S-Corp with 3 owners and 6 rank-and-file employees

Here is a link to sign up for the webinar.