Thanks to new regulatory changes, companies now have the opportunity to adopt a retirement plan, in 2021,
and take advantage of 2020 tax deductions and plan contributions.
Employer contributions can now be made in 2021 to reduce taxable income on 2020 returns. A company and its owners have until the 2020 corporate (or K-1) tax filing deadline to sign documents establishing a new plan for the prior tax year. In particular, profit sharing, cash balance, and defined benefit plans can enable significant employer contributions for the benefit of owners, employees, and the company itself.
Request a proposal or contact our team today to assess your options.
For further information regarding Cash Balance plans check out our website
Leading Retirement Solutions
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Our mission: to proactively support organizations and lead them toward a secure future.