"I am the TPA for a client with an over-funded cash balance plan. Husband and wife participants. Both age 42. His investment advisor is recommending that the plan purchase a life insurance policy. I recall a time when life insurance was a popular choice in DB plans but primarily to fund contributions. I no longer have any plans that contain a life insurance product and prefer to keep it that way. His plan will need to be amended to permit this. Since I am not current on the rules, I would love to hear from some of you experts who can give me an opinion on whether it makes sense to purchase one from an over-funded CB plan?"

"Will 2026 contribution limits be identical for a Keogh Plan and a 401(k) Plan? :

• $24,500
• Catch-up contribution of $8,000 for employees 50 and older.
• Employees aged 60, 61, 62 and 63, higher catch-up contributions due to SECURE 2.0

Thank you."

"We have a 1 person Cash Balance Plan (owner only) that we are taking over. I just want to make sure that they have compensation defined correctly in the Plan Document. The choices given are: [1] W2 [2] Code 3401 [3] Code 415 Safe Harbor."