Why Does the Account Balance on Form 5500 Differ from My Account Statement?
Every year, business owners receive two documents that describe the same retirement plan. One is …
The Double Deduction: How to Stack Two Years of Defined Benefit Contributions Into One Tax Return
Most business owners assume that each year’s retirement plan contribution belongs to that year’s tax …
Filing Your Tax Return Early Doesn’t Kill Your Contribution Deadline
Every year around March, we get a version of the same phone call. A business …
Why Administration Is So Much More Challenging When Life Insurance Is Included in a Defined Benefit Plan
Adding life insurance to a defined benefit plan is permitted under the incidental benefit rules, …
Cash Balance Plans vs. SEP IRAs: A Comparison for the Self-Employed
For self-employed professionals, choosing the right retirement plan is one of the most consequential financial …
The Portability Advantage of Cash Balance Plans
When most business owners evaluate a cash balance plan, they focus on contribution limits and …