I’m having a lot of client dialogue on Cash Balance Plans (CBPs). A CBP is the third sleeve of a Retirement Plan – following the standard 401k and Profit Sharing sleeves of traditional plans. The contribution limits are substantial allowing participants the ability to contribute significant $s pretax and to grow those contributions tax deferred.
The plan is particularly attractive to organizations that are top heavy with highly-compensated employees or partners, but can also be relevant for sole proprietors. Contact me if you would like to learn more. michael.schodrof@ubs.com