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The Caldwell Trust Company Blog

Tony Blasini, CPC, QPA

Recent Posts

Your Frequently Asked Questions About Cash Balance Plans Answered

Posted by Tony Blasini, CPC, QPA

Cash balance plans are growing in popularity, with more business owners giving some consideration to offering them as a retirement plan option. According to the 2018 National Cash Balance Research Report, the number of new cash balance plans has increased 15%, while new 401(k) plans have only increased 1%. In fact, cash balance plans now make up 37% of all defined benefit plans, compared with just 2.9% in 2001.

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Topics: Investments

What is a Cash Balance Retirement Plan?

Posted by Tony Blasini, CPC, QPA

The right retirement plan is an essential part of your business. For some businesses, a cash balance plan makes the most sense. This hybrid pension plan combines features of a defined contribution and a defined benefit plan to provide employees a guaranteed income upon retirement.

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Topics: Retirement Plan Services

The Role Your Retirement Plan Option Plays in Recruiting Top Talent

Posted by Tony Blasini, CPC, QPA

The competition for top talent is fierce in today's job market. One possible differentiator for companies aiming to recruit - and retain - the best and brightest candidates? Retirement plan options. Here’s a closer look at the pivotal role retirement plans can play in enticing top talent, along with tips for building a retirement plan that will improve your outcomes.

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Topics: Trusts & Estate Planning

Retirement Planning Options for Your Business: The Difference Between Cash Balance and 401(k) Plans

Posted by Tony Blasini, CPC, QPA

Today’s business owners are tasked with a significant challenge: Attracting (and retaining) the best talent while simultaneously supporting their own bottom line. One strategy for achieving both of these goals? Choosing the best retirement plan. If you’re in the process of deciding whether a cash balance or 401(k) plan is more suitable for your employees and your business, here’s what you need to know.

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Topics: Retirement Plan Services

Is a Cash Balance Plan Right for My Business?

Posted by Tony Blasini, CPC, QPA

If you are a business owner, you need to make important decisions about employee benefits that will help you attract and retain employees. Just as important, those benefits also need to make sense for your company. One type of employee benefit that may be ideal for employers is a cash balance retirement plan.

To determine whether your organization is a good candidate for sponsoring this type of plan, it can be helpful to explore it’s features, pros and cons.

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Topics: Retirement Plan Services

Building An Adequate Fund Line-Up for Your Company's 401(K) Plan

Posted by Tony Blasini, CPC, QPA

The main reason for running a 401(k) plan is to provide a way for your employees to build a retirement nest egg through tax-deferred investing. Hence, your investment options are the backbone of your 401(k) plan, and choosing the right mix of investments - known as your fund line-up - is a critical step in creating the best possible retirement plan for your employees.

Some employers may choose to partner with an investment advisor to help them build their 401(k) fund line-up. But whether you seek help or go at it alone, there are four best practices that you should uphold to effectively enhance your employees’ retirement savings.

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Topics: Retirement Plan Services

Participant Loans in Defined Contribution Plans: Key Pros and Cons for Your Business

Posted by Tony Blasini, CPC, QPA

The decision to offer participant loans in defined contribution (DC) plans is complex and requires careful consideration.

As an employer, it is commendable to want to provide a range of financial options for your employees. However, you also want to make sure that the benefits to your organization—and to your employees—outweigh the costs of such a program.

Before signing off on providing participant loans in DC plans, there are a number of things for you to consider.

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Topics: Retirement Plan Services

Profit Sharing Plan Allocations – What’s Best for My Plan?

Posted by Tony Blasini, CPC, QPA

When it comes to retirement plans, there are many choices. One option that this article will dive into today, is the “profit sharing plan” which is a type of defined contribution plan that allows businesses to provide discretionary contributions -- meaning they can decide from year to year how much to contribute (or whether to contribute at all).

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Topics: Retirement Plan Services, Investments

We Live in the Future: Plan for Digital Asset Management

Posted by Tony Blasini, CPC, QPA

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Topics: Digital Assets, Trusts & Estate Planning, Living Wills

What You as an Employee Should Know About Retirement Plan Rollovers: Options, Steps, and Considerations

Posted by Tony Blasini, CPC, QPA

If your current or former employer offers a qualified retirement plan, such as a Profit Sharing, 401(k), 403(b), SIMPLE IRA or SEP, you can take your vested balance with you when you leave by “rolling over” the balance from your plan account to an IRA rollover account. If your rollover meets IRS requirements, the transaction will not be a taxable event and your money will continue to grow tax-deferred. Generally, rollovers must be made within 60 days of the money being distributed (unless it is a Direct or Trustee to Trustee rollover) in order to meet IRS requirements, although there are certain limited exceptions when the IRS may waive that requirement.

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Topics: Retirement Plan Services

 


 

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