Below is general information provided by Cash Balance Actuaries, LLC of Eden Prairie, MN about how the cash balance plans they design operate, and the advantages of using a cash balance plan to help meet the dentists' retirement savings objectives.
Only businesses can sponsor a cash balance plan, but any business entity may do so. We provide services for sole proprietorships, partnerships, LLCs, nonprofits, and corporations. You don't even need to have any employees other than yourself.
The number of companies sponsoring cash balance plans is growing rapidly. Find out specific the reasons for such rapid growth by linking to CBA's website:
Cash Balance Actuaries, LLC specializes in the design and administration of small to medium sized Defined Benefit Plans including Cash Balance Plans. Our mission is to provide well-structured retirement plans to all profitable businesses around the country and to be the first choice of employment for the best and brightest actuaries and consultants.
The defining characteristic of Cash Balance Actuaries, LLC is the high quality of employees who provide the best service to our clients. And it all starts at the top with founder and owner Charlie Steingas, EA, MSPA, MAAA. He possesses a unique ability to communicate complex technical issues to clients in a simple, easy-to-understand way. Clients who understand their pension plans are much more likely to appreciate them.
Along with the best employees we seek to partner with the best clients from around the country. Everything is done online whenever possible so we help our clients minimize the paper required to sponsor a plan. We pride ourselves on being available to answer our clients' questions with accurate and creative solutions all while making sure the plan still meets their needs of being easy to understand and administer.
Charlie is the chief actuary and founding member of Cash Balance Actuaries, LLC. After working for over 10 years on all types of retirement plans, he decided he could better serve his clients by offering them the most personal service at more reasonable prices. With Cash Balance Actuaries, Charlie is able to offer cutting edge retirement plan designs and personal service to help clients truly understand and appreciate their plans.