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 Lincoln, NE (Nebraska), as well as nationally.
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 monthly benefit at retirement, which can be confusing and hard to grasp, cash balance plans provide the promised benefit in the form of an “account” balance. The Participant Statement provided to the participant resembles a DC statement. This makes the cash balance benefit much easier to understand and is, thus, more appreciated by employees.
Cash balance plans are ideal for:
- highly compensated owners
- owners looking to put more money away
- low employee/owner ratio
- owners that are older than their employees (on average)
- non-cyclical industries
Prime cash balance candidates include professional groups, such as:
- Physicians
- Attorneys
- CPAs
- Dentists
- etc.
Cash Balance Plan Specialists:
Our team of actuaries at Pinnacle Plan Design are experts in the design and administration of cash balance plans.
Contact: Third Party Administrator Lincoln
Pinnacle Plan Design is proud to offer retirement plan administration services in Lincoln, NE (Nebraska), and surrounding areas including Omaha, Bellevue, Grand Island, Kearney, Fremont, Hastings, Norfolk, North Platte, Columbus, and Papillion.