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Benefits are fully accrued, this is a cash balance plan, so no average salary. Are you saying just freeze the plan? The principal is going to retire shortly. I have mentioned the 50% excise tax many times, both to client as well as accountant. Seems like all they are thinking of is deduction, deduction, deduction; and the broker? Well, you know - commission, commission, commission. Someone had suggested starting a profit sharing and/or 401(k).

I'm assuming that was thinly veiled sarcasm by Bob. Heck, I just got yelled at by an advisor because I told the client that their 32% investment return for 2020 was too high and can have significant consequences in the future. The communication was probably there and ignored.