You can increase your tax-deferred savings and enhance employee benefits by establishing a Cash Balance Plan. Often business owners can save in a 401k plan paired with a Cash Balance plan at least three times as much as they can in 401k plan alone. The older the owner, the greater the savings. The cost to establish these plans in terms of fees and funding to employees is less than what owners would pay in taxes. So decide: pay your employees or pay the IRS.
What kind of plans will help you achieve your goals? Let us help answer this and all your other retirement plan questions.
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