2023, that’s a wrap! Let’s review last year and plan for sales growth in 2024

17th Jan 2024

What Happened in 2023?

The Year in Review

As we play back the highlights from the past year, we see that as the market fluctuated with rising interest rates, Defined Benefit (DB) plans remained a steady way to help clients, save on taxes, increase their retirement funds and beat inflation.

Our sales were solid in 2023. Average first year DB contributions were roughly $145,000. A large percentage of new DB clients also opened a 401(k) plan in 2023. In most cases this increased their total contributions by $30,000-$45,000.

We opened DB plans for business owners from a wide range of occupations. Consultants opened the most plans –  fields as diverse as entertainment to biotech were represented. Sole practitioner physicians from a variety of medical services represented the next largest group in our 2023 DB sales.

Now is the time to start the new year off strong. Look at your best clients and see if they qualify.

Get a Proposal Now

Five Step Sales Process

Are you interested in some tips for making Defined Benefit plan sales?

Review our five-step sales process. We can help you identify clients and bring in sales.

Try Our Five Step Sales Process

Use Our Sales & Marketing Tools

We have an extensive library of materials for you to use to educate yourself and your clients about Defined Benefit and Cash Balance plans.

Go to our Marketing Resource Library

Contact our defined benefit specialists.

We can create custom proposals and design plans to fit your client’s situation.

Call us toll free at: 1-866-269-2706 or email us at dbplans@dedicated-db.com.

Best regards,

Raymond Lee
Director of Sales | Dedicated Defined Benefit Services, part of FuturePlan by Ascensus

E raymond.lee@dedicated-db.com
(866) 269-2706

www.dedicated-db.com

 

Dedicated Defined Benefit Services, FuturePlan and Ascensus do not provide tax or legal advice.  Prospective investors should consult with a tax or legal advisor before making any investment decision.  The information provided by the Defined Benefit Calculator is for U.S. residents only and does not constitute an offer to sell, or a solicitation of an offer to purchase, securities in any jurisdiction to any person to whom it is not lawful to make such an offer.

 

 

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