Potentially Maximize Tax Savings Well Beyond 401(k) Limits
Traditional Retirement Plans are Falling Short for High Earners.
This leaves them with too little savings and still paying too much in tax. Cash Balance plans can help.
Cash Balance retirement plans can offer an exceptional opportunity for pre-tax retirement savings well beyond the traditional 401(k) and profit sharing limits. Cash Balance plans are a modern iteration of the traditional pension plan. They offer key differences that often benefit the sponsoring company including transparency to participating employees and funding flexibility. They can offer huge benefits to the right employers, but they are not a solution for everyone.
- Supercharge pre-tax savings, often $300K+ per year
- Deferral and reduce tax liability
- Blend the high contributions of pension plans with the flexibility and transparency of defined contribution plans.
- Creditor Protection
- Less funding flexibility than 401(k) plans
- Required contributions for certain employees
- Employer only funding
- Administrative Costs
- Sophisticated Plan designs are not for all employers
PT Kore: PT Kore portfolios are managed to meet the unique goals of cash balance plans. They are professionally managed, broadly diversified and designed to potentially reduce the risk of required additional catch up funding.
PT Kore Plus: For employers looking to maximize plan contributions PT Kore Plus combines the benefits of PT Kore with additional, potentially less liquid solutions that may allow for even greater savings and potential.This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal or investment advice. If you are seeking investment advice specific to your needs, such advice services must be obtained on your own separate from this educational material.
