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Cash Balance Plan Contribution Limits for 2024

Cash balance plans are a type of defined benefit plan, different from defined contribution plans, and have no fixed annual contribution limits. Rather than the contribution limit being defined, the end balance or how much you would have in your account by retirement age, is predetermined. How much you can contribute to the account on [...]

Cash Balance Plan Contribution Deadlines for 2024

Cash balance plans have straightforward deadlines to follow. The deadline for opening your plan and making contributions is the same, due on the date your business taxes are due (including deadlines). Partnerships and S corporations who follow the calendar year are required to make their contribution in full by March 15, 2025 for the 2024 [...]