by Natalie Harris | May 12, 2025 | Pension Pulse
Cash balance plans are a powerful retirement savings tool, but they come with specific rules about who can participate and how benefits are distributed. Employers have flexibility in determining eligibility for both 401k and cash balance plans, but they must comply...
by Natalie Harris | Apr 16, 2025 | Pension Pulse
Defined benefit and cash balance plans generally provide annual benefit accruals based on a formula outlined in the Plan Document. In plain terms, this means that the benefits owed to plan participants increase each year. To fund these increasing benefits,...
by Taylor Brown | Oct 17, 2024 | Pension Pulse
Cash balance plans are becoming increasingly popular for higher income small-to-medium sized business owners. We recently published our cash balance primer (link) which goes into detail on the plan type. However, one topic we are frequently asked by plan sponsors and...
by Taylor Brown | Jul 18, 2024 | Pension Pulse
One of the most frequently asked questions we receive is whether we can create a “mega backdoor Roth” inside a client’s 401(k) plan. While a lot of inquirers believe this is one simple box to check inside a plan, it in fact involves several steps and provisions that...
by Taylor Brown | Jul 18, 2024 | Pension Pulse
One of the most frequently asked questions we receive is whether we can create a “mega backdoor Roth” inside a client’s 401(k) plan. While a lot of inquirers believe this is one simple box to check inside a plan, it in fact involves several steps and provisions that...
by Taylor Brown | Jun 3, 2024 | Pension Pulse
The Pension Source Overview • Cash Balance Plan Background • How Does a Cash Balance Plan Work? • How Much Can You Contribute? • Key Advantages • Case Study • How Are Plan Assets Invested? • Who’s a Great Candidate? • Key Considerations for Business Owners •...
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