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Cash Balance Pension Plans - Webinar

  • ID: 4394996
  • Webinar
  • October 2017
  • Region: Global
  • 90 Minutes
  • Lorman Business Center, Inc.
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Become proficient in identifying candidates and implementing cash balance plans.

Many successful business owners desire larger tax deductions and accelerated retirement savings. Their existing 401(k)profit sharing plan is not cutting it due to the restrictive contribution limits. Implementing a cash balance plan may be the best solution for such owners, as cash balance plans allow for significantly greater contributions on an annual basis. This topic is designed to help you understand how cash balance plans operate, as well as help you identify ideal cash balance plan candidates. With the cash balance plan market growing by double digits every year, it is important to become wellversed in these powerful retirement vehicles.

Learning Objectives
  • You will be able to explain how cash balance plans operate.
  • You will be able to identify ideal cash balance plan candidates.
  • You will be able to discuss the various types of permissible interest crediting rates and explain why caution should be used when using a rate tied to the return on plan assets.
  • You will be able to review the benefits of layering a cash balance plan on top of an existing 401(k) plan with a client or prospect.
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Defined Contribution Plans vs. Defined Benefit (DB) Plans
  • Definitions of Each
  • Who Takes on the Investment Risk?
  • Who Directs the Investments?
  • Comparison of Contribution Limits
Cash Balance DB Plans
  • Why a Cash Balance Plan Is Considered a Type of DB Plan
  • How They Operate
  • Why They Are Preferred to Traditional DB Plans
  • Non-Discrimination Testing and Tax Deduction Rules
Thorough Explanation of Interest Crediting Rates
  • Various Acceptable Rates
  • Implications of Investment Returns That Exceed or Fall Short of the Interest Crediting Rate
  • Hazards Associated With Using a Rate Tied to the Return on Plan Assets
Case Studies
  • Demonstrating How the Owners of a Closely-Held Professional Group Can Contribute Significantly More Money by Layering a Cash Balance Plan on Top of Their Existing 401(k) Plan
  • Impact of PBGC Coverage or Lack Thereof
How to Identify Ideal Cash Balance Plan Candidates
  • Cash Balance Plans Are Powerful Vehicles, but Only for Select Employers
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Kevin J. Donovan, CPA, EA, MSPA, FCA - Pinnacle Plan Design, LLC,
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This webinar is designed for investment brokers, financial planners, stock brokers, estate planners, attorneys, presidents, vice presidents and other financial executives.
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