Owners Only

Cash Balance plans can be powerful planning tools for both young and older, owner-only businesses. 

Typically, an owner-only business includes owners, partners, and spouses. Without non-highly compensated employees, the need for nondiscrimination testing is eliminated completely. 

A profitable business as shown in this illustration, offers a married couple the combined ability to contribute over $490,000 towards retirement and achieve a tax savings of over $220,000. 

Do you have clients or prospects looking to accelerate retirement savings and reduce their tax burden? To receive a Cash Balance Overview with one of our dedicated FuturePlan Cash Balance experts, fill out this quick form here. 


Retirement Plan Illustration – 2023

Results shown may require plan amendments to the 401(k)/profit sharing plan before the plan year end.

*Assuming a 45% tax rate; taxes are deferred only.

Plan designs are for illustration purposes ONLY. Contribution amounts are subject to change based on final year-end census data. If company is a Corporation, an S-Corporation or an LLC taxed as a corporation, owner(s) compensation listed above must be reported on Form W-2.

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This sample is for illustrative purposes only.