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Revisiting the Business Owner's Traditional Retirement Formula with a Cash Balance Plan
Forbes
July 3, 2018 "A cash balance plan needs to be under constant management and monitoring and requires an actuary to determine contribution levels. These plans must follow the fiduciary, funding and permanence rules of ERISA and the tax code, just like profit-sharing and other qualified plans. The plan trustees need to make sure they are acting with prudence and for the exclusive benefit of participants in decisions regarding the plan." MORE >> |
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