Wealth Management

CASH BALANCE PLANS

TAX-ADVANTAGED SAVING STRATEGIES FOR BUSINESS OWNERS:

A cash balance plan (also referred to as a hybrid plan) is a unique type of pension plan that has many characteristics typically found in a defined contribution plan (such as a 401(k)/profit sharing plan), while providing the higher contribution limits of a defined benefit plan.

In a cash balance plan, the amount of benefit each participating employee receives is stated as an account balance that can be converted to an annuity or distributed as a lump sum at retirement. But like defined benefit plans, contributions and investment decisions are made by the employer, not the plan participant.

For additional information, please click on Cash Balance or for a complementary financial consultation, please contact us.

CAPTIVE INSURANCE

ENHANCED RISK MANAGEMENT STRATEGIES FOR BUSINESS OWNERS:

A Captive Insurance Company (CIC) is a form of self-insurance where a captive subsidiary company is created to provide property and casualty insurance for the parent operating company.

DOES IT MAKE SENSE FOR YOUR BUSINESS? A CIC may allow the operating company to capture costs normally lost to third party insurers, better manage enterprise risk and reduce insurance costs via direct access to the wholesale reinsurance market.

For additional information, please click on Captive Insurance or for a complementary financial consultation, please contact us.

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