Maximize benefits

It is possible to combine a Defined Benefit plan or Cash Balance plan with a 401(k) plan to maximize benefits for owners who are 50 or older. The ‘combo plan’ structure works well for companies with up to 25 employees. Typically, the goal of a combo plan design is to maximize retirement plan contributions for key employees. This design can also be used to provide different levels of contributions for groups or classes of employees.

For additional information about Combination Plans, contact us!

 

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