CASH BALANCE WHITE PAPER FOR YOU AND CLIENTS
Download our illustration request form and we’ll create a customized illustration at no charge or call us at 866-269-2706.
For a 60-year-old business owner earning $350,000 in W-2 income
Cash balance plans aren’t right for everyone. OwnersPlus works well for business owners who are:
Businesses That Might Qualify
Financial Planning Firm
Getting Started with OwnersPlus Cash Balance + 401(k) Retirement Program
Please note these plans should be opened by December 31 and at the latest by the business’ tax filing deadline including extensions for the plan year.
Cash Balance plans should be opened by December 31 and at the latest by the business’ tax filing deadline including extensions for the plan year. Cash Balance contributions are not required until the tax filing deadline with extensions but no later than eight and a half months after the end of the fiscal year.
Safe Harbor 401(k)/Profit Sharing plans must be set up before October 1st. The 401(k) deferral on behalf of business owners will be limited to 5% if this deadline is missed.