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Cash Balance Plans share features from both the DB and DC plans.  One of the main advantages of these plans is the ability for business owners, especially older owners, to accelerate the accumulation of retirement assets.  For some situations, the maximum contribution may be $250,000 per year.

These plans may not be a good match for all companies.  Like any group retirement plan, a company needs to find a good advisor to present you with all of the alternatives and allow you make an informed decision.  Implementing and managing a Cash Balance Plan involves some strict performance requirements and additional administration.

For more information, please contact Bridgeport Benefit Advisors.

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The material on this page is intended as general descriptions of the concepts presented.  It is for educational purposes only and it not intended to provide specific financial or tax advice.  These descriptions cannot take into account your specific conditions and situation including the data required for underwriting purposes, financial circumstances, risk tolerance, and other factors.