Menu
Guaranteed growth and flexibility with Combo Plan
A combo plan is a retirement savings plan that combines the stability of a traditional pension with the flexibility of a modern 401(k). Each person has an account that grows each year through contributions from their employer and a set investment credit. These growth details are outlined in the plan document.
Complete Retirement Package
Balanced approach with guaranteed benefits
Diversification and Security
Combining a 401(k) plan with a cash balance plan offers diversification. The 401(k) allows for investment flexibility and growth potential, while the cash balance plan provides a secure, guaranteed benefit.
Reliable Retirement Income
The guaranteed benefits of the Cash Balance Plan and savings and investments from the 401(k) create a dependable source of income during retirement.
Employer Contributions
Employers can contribute to both plans, further enhancing retirement savings for employees and bolstering the overall retirement readiness of the workforce.
Double the Plans, Double the Benefits!
Integrating both plans offers increased contribution limits, allowing individuals to boost their retirement savings and maximize tax benefits.
Find Out If a Combo Plan Is Right For You
This plan is ideal for business owners and highly compensated employees, especially those in businesses with stable cash flow expected to remain strong for the next 3 to 5 years. Because retirement plans are long-term commitments, this option works particularly well when the employer is older and well-compensated, while the majority of employees are younger.