Pinnacle Plan Design is a third party administrator (TPA) for employer-sponsored qualified retirement plans. We specialize in retirement plan design, administration and actuarial consulting. Pinnacle is proud to offer retirement plan administration services in Des Moines, IA (Iowa), as well as nationally.

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Cash Balance Plans

A cash balance plan is a type of employer-sponsored defined benefit retirement plan. Unlike traditional defined benefit plans that provide for a certain amount of money at retirement, which can be confusing and hard to grasp, cash balance plans provide the promised benefit in the form of an “account” balance. This makes the benefit much easier to understand and is, thus, more appreciated by employees.

A great benefit of a cash balance plan is that they allow for much higher contributions when compared to 401(k)/profit sharing defined contribution plans. Cash balance plans act as a great tax savings vehicle as higher contributions lead to greater tax savings. This has never been more important than it is today. View Cash Balance Plans Can Combat High Taxes for a further explanation of how a cash balance plan can be the solution to your tax problem.

Contact: Third Party Administrator Des Moines

Pinnacle Plan Design is proud to offer retirement plan administration services in Des Moines, IA (Iowa), and surrounding areas including West Des Moines, Urbandale, Clive, Johnston, Altoona, Ankeny, Indianola, Newton, Ames, Boone, Pella, Grinnell, Marshalltown, and Oskaloosa.