It’s STILL not too late to start-up a 2021 Cash Balance Plan

Maximize ALL tax credits and lower your client’s tax liability for the 2021 tax year, by adopting a 2021 Cash Balance plan in 2022.

With the SECURE Act legislation, the Cash Balance Start-Up Deadline for a 2021 tax deductible plan is September 15th, 2022, lowering the amount of taxable income for 2021.?

What does this mean?

You can now complete a preliminary tax return for 2021, see what the tax liability is and then design a Cash Balance Plan. In addition, your client can receive further tax deductions, by lowering their taxable income with a Cash Balance plan.

How does it work?

1. Complete a preliminary tax return for 2021.
2. Evaluate your client’s tax liability to decide on a pay credit that is practical.
3. Trinity’s in-house Actuarial team will design a customized Cash Balance Plan.
4. Experience additional tax credits, by lowering your client’s tax liability for the 2021 tax year with their new Cash Balance Plan.

What’s next?

Interested in the opportunity with retroactive 2021 Cash Balance plans?

Contact your Regional Vice President/Retirement Plans by calling 877.206.6290.