Cash Balance Plan

A Cash Balance plan is a hybrid defined benefit plan that specifies both the contribution to be credited to each participant and the investment earnings to be credited based on those contributions. This type of plan looks very similar to a profit sharing plan due to the display of money balances rather than accrued benefits. This type of plan works best in tandem with a 401k/profit sharing plan. All FAQs relating to defined benefit plans apply as well.

Northeast Planning Services, LLC

210 Bear Hill Road
Waltham, MA 02451

Phone: (781) 890-5500
Fax: (781) 890-5505