Friday

Works While They Wait - Wait No Longer to Access What Is On Hold In Your Revenues

There are many marketing services out there. My colleague in dental marketing Jeff Wilson (pictured) of Business Audio Source and OnHold Music Source provides the "What's Holding Them Back" solution to the equation...

Marketing Your Dental Services to Would-Be and Current Patients

As the dentist or practice manager, you've invested time and money in running a successful dental practice but are still coming up short of where you want to be. Bringing on new patients is an obvious way to increase your bottom line, however the patients you already have are generally worth more than the new ones you're trying to get in the door.

Current Patients Your current patients are in need of advanced dental treatments and makeover veneers but continue to put off treatment. Cost is likely a primary factor but many patients are just indecisive or simply procrastinate their treatment. If you bring up cosmetic dentistry services with your patients you will unwittingly turn some of them off without even realizing it. So how do you market to your patients, at a time when they are focused on their dental health while you have their complete attention and do it without the possibility of seeming desperate, pushy or turning anyone off? By using informative marketing messages played to your patients while waiting on hold.

You may think your patients don't typically wait on hold for very long... but, they don't have to! You can deliver your most compelling marketing messages in less than 15 seconds.
New and Perspective Patients If you're not attracting new patients your practice can only grow smaller. Despite the best dental marketing, most new patients find your phone number on a list filled with other area dental practices provided by their insurance provider. They'll pick the three closest to their home or work place and call to ask a few basic questions. What makes your practice stand out? In the few seconds your new prospect waits on hold, custom hold messaging can paint a vivid picture about your practice, your dental niche, and the technology you provide. An effective hold message gives your practice that add image boost to help land new patients.

On Hold Marketing Works The reason Custom On Hold Messages are so effective is because they target a captive audience, at the exact time they are actively engaged with your practice and most interested in your services. No one who calls your practice is calling to be put on hold. But, they accept being placed on hold and are listening for their turn to speak with a staff member. This is a golden opportunity to connect with your callers while they are totally receptive to your message. In fact, if you have anything less than a well produced custom hold production you risk annoying your callers.

The alternative to custom hold messages Statistics show more than 70% of the people who call a private medical practice, be it their dentist or primary care physician, are placed on hold. On average hold time is greater than 45 seconds. You don't have to play a custom hold message but you do have to play something. Here are the alternatives.

Silence - Silence equals nothing. If you do nothing, your callers will wait on hold in complete silence. Leave them on hold for more than a few seconds and they're likely to think they've been disconnected. A minute on hold in silence seems more like five. If your practice plunges callers on hold into silence, ask your receptionist how often calls on hold hang-up, or how often patients call back and wonder why they were disconnected. Wonder how many didn't call back?

Radio - Playing a radio station over the hold lines is a broadcast and licensing violation. It's also guaranteed to annoy callers with commercials, banter from DJs, and possible static in the connection.

CD/MP3 Player - You now have control over commercials, and static but you're still in violation of music licensing and are wasting an ideal opportunity to connect with your callers and market your services.

Custom hold message reinforces and increases the value of your current marketing strategies.

How much would your practice benefit with just three extra whitening treatments each week? Or, 5 additional "smile make-over's" every month? It's a modest goal that you can easily attain with the right hold messages. An effective message on hold campaign provides compelling information that plants the seeds of possibility in your patients mind. When they ask for more details about a particular treatment, you've just been given the green light and are now much more likely to be able to enhance your patients smile and oral health, not to mention your bottom line.

Bring the power of On Hold Dental Marketing to your practice. Packages start at just $39/mo. Includes digital player and semi-annual production updates

Visit us online and opt-in to to receive more helpful communication & marketing tips and receive a Free Music On Hold Download from your friends at Business Audio Source!

Article Source: http://EzineArticles.com/?expert=Jeffrey_R_Wilson

==========

Posted by Dick Chwalek

Traverse City Dental Office Sponsors: Cherry-Roubaix 2011 Cancer Survivors Benefit Ride.

    TRAVERSE CITY, MI, July 1, 2011

The 4th Annual Cherry-Roubaix that delivers the State Road Race Championship race as part of their three day event on August 14, 2011 (in conjunction with the Michigan Bike Race Association and USA Cycling) also hosts a choice of either a 20 or 43-mile Charity Ride on August 13 to benefit Munson Healthcare Women‟s Cancer Fund.

Using every fund dollar for its purpose, Munson Women‟s Cancer Fund provides financial assistance to women in northern Michigan who have been diagnosed with cancer and have exhausted other financial means for their cancer-related health care.

Among other related items and health services, Munson Women‟s Cancer Fund covers expenses of prosthetics, transportation, childcare during treatment, and home medications.

“My grandfather, 'Papa', my father, Paul, my mother, Jeanette and my sister, Lucia...my entire family all had cancer.” With such a personal connection herself, Cherry-Roubaix Charity Ride founder Jean Peters feels passionate about the purpose that fuels the Charity Ride and inspires ride participants. “Papa was the first person I ever knew that died. He died of prostate cancer. My father died of Leukemia, and my mother had colon cancer. My sister Lucia has survived three types of cancer including a rare and deadly uterine-lining cancer. Two years later Lucia was also diagnosed colon cancer, and more recently, she had a big chunk taken from her leg as a result of skin cancer.”

Peters emotionally bonds with the many Charity Ride cyclists somehow touched by cancer in their lives. “My friends and their family that have had cancer include Joe, Marge, Kim, Kristin, Bill, Bud, Marta, Arabella, Mary Jean, Lucho, CiCi, Dayne, Jim, Maxine and my kitty, Roscoe. And of course, generations of Americans feel connected to famous cancer victims like John Wayne, Farrah Fawcett, Patrick Swayze, Dennis Hopper, Gregory Hines and Lance Armstrong.”

Peters reflects on a recent report that compared to 1993, Americans are now 18% less likely to die of cancer. “So why commit to the Cherry-Roubaix Charity Ride if cancer sufferers have been on the decline? Because everything we do to combat this insidious disease has an impact. An eighteen percent improvement simply means those patients are not dying, but they and their families still have to endure the illness. That means people in my life, people in your life...and maybe even you.”

Straightforward and compassionate, Peters hits the mark. “Cherry-Roubaix Charity Ride cyclists ride because they care. Some are remembering those lost, some are fighting for those who are battling right now, some are paying it forward. Me? I am doing all three, and I am quite certain anyone who generously signs up for the Cherry-Roubaix Charity Ride is doing the same thing.”

_____________________________

The Northwood Dental office in Traverse City is excited to be supporting and sponsoring this exciting cycling event as a Team Level sponsor. Dr. Brian Klym will also be racing on Sunday, August 14 as part of the Hagerty Cycling Team as a Cap 4 Racer.


More About The Cancer Survivors Fundraisers

Commit to one of two ride distances out gorgeous Old Mission Peninsula on August 13, and Peters guarantees that as participant, cyclists will get more than they give. “The 'Sisterhood' is leading us out the shoreline road from downtown Traverse City, and everyone, speedy or slow, is working to ride cancer into the ground by helping our friends and neighbors get help they need from Munson Women's Cancer Fund. We may not know who combats cancer now or in the future, but today we can do something.”

Peters confirms, “Our Cherry-Roubaix Charity Ride community inspires and needs your help. Get on a bike, have a good time, get a cool tee shirt, enjoy revitalizing comradeship and refreshments at Jolly Pumpkin on Old Mission Peninsula, and join millions globally who take a step in their own way to wipe this condition off the face of the earth. I'll be over your shoulder with you. Hundreds, including me, are very grateful for your choice on August 13 to ride together to defend women's health, support our friends and our families, and kick cancer to the curb.”

View photos, discover information, or register today for the Cherry-Roubaix Charity Bike Ride to benefit Munson Women's Cancer Fund at Cherry Roubaix Cycling: Charity Ride Web Page. Learn more about at MunsonHealthcare.Org Monson Women's Cancer Fund Page.

Jean Peters, founder of the Cherry-Roubaix Charity Ride, is also Cherry-Roubaix Technical Director and a member of the Cherry-Roubaix Board of Directors. Email Peters at jean@cherry-roubaix.com. Particular inspiration for this sharing of information is dedicated to the memory of Jean Peters’ dear friend, Jim B., a wonderful man, artist and supreme gardener whose gentle soul was relieved of his battle with cancer in late June 2011.

Cherry-Roubaix series is a three-day weekend event. The State Championship Road Race is on Sunday, August 14. The championship course begins and ends high atop Sugarloaf Resort in Cedar, Michigan.

The Grand Traverse area is a popular cycling destination and an amazing place for vacation value. All ages find opportunities to participate or take a break from fast-paced Cherry-Roubaix action. Relax on miles of pristine beaches, take a wine tour across Leelanau or Old Mission Peninsula, enjoy time at a ball game, climb the sand dunes or unwind in a charming movie theater after spending a few hours shopping and dining in quaint downtown Traverse City.

  • The weekend begins with evening Sprints on Friday, August 12 at Traverse City’s Friday Night Live, and the excitement continues on Saturday, August 13 with a rip-roaring full day of cycling.

  • Early morning cyclists of all levels may participate in the Cherry-Roubaix Charity Ride to Benefit Munson Women’s Cancer Fund followed by the high-energy Cherry-Roubaix Old Town Criterium. The criterium thrills spectators as racers explode into a one-mile course through the streets of Traverse City.

  • Simultaneously with the Old Town Crit, the Kids Fun Ride and Cruiser Classic mix up the action for all to enjoy.

  • The weekend crescendos in Leelanau County on Sunday, August 14 at the launch of the Michigan State Road Race Championship, the demanding race to determine the best of the best in Michigan. Hills and turns of the of the old 1980’s State Road Race course unforgivingly challenge and test racers from around the state.

Three days of Cherry-Roubaix events across the resort landscape of the Traverse City area satisfy cycling fans of all ages, from families looking for a fun, northern Michigan getaway to die-hard professional and amateur racers seeking incredible races in a supportive cycling community.

Click to find maps, a downloadable media kit, and Cherry-Roubaix info or call John Sohacki, Event Director at 231-342-2003.
## #

--------------

Posted by Dick Chwalek

Thursday

2nd of Series: To See More Patients Consistently – Imagine Dentistry Differently

This is the 2nd Installment of my series on Connective Communication© as how it relates to the way patients and dentists perceive their 'fields of disinterest'...


First, A Quick Previous Portion Review...

Dentistry Reductionism Source Discovery:
Words & Questions Above: Who do these words and statements relate to:
    = The Public & Patients Value Perspective of Dentistry
    = Most Dentists View of/Approach to Marketing
HmmmNotice the similarity?

Whoa...! Correlation may just Equal Causation!

Theorem = Patients prioritize the value of dentistry as dentists do the value of communicating the priority to patients.


Theorem Research and Explanation
Dental Communication Math
CE Equations
    100 hours of continuing education + 5 hours communicating to public/patients (beyond 1 on 1) = 95 hours of wasted education
Exponential Remainder:
    Few New patients
    + They do less
    = lower revenues, lower economy productivity & diminished public health
Advanced Treatment Equations

Cosmetic Dentistry over focused + Lack of public & patient communication = 'overselling' sticker-shock blowback!
    The Public thinks and often patients only know dental care as about health & teeth, patch & fill/emergency care
    One tooth at a time dentistry is ingrained - so treatment planning is 'overselling' rather than 'modern approach' with long term value
New Technology + Wow Dental Office + Same general public awareness of dentistry
    = Boom then Plateau as 'cool' wears off and 'ingrained' beliefs take back the day

LEARN about ‘New Patient Availability' and Connective Communication© Results:

_______________________________________________


Low Priority CAUSE Hypothesis
Skimpy Dental Marketing: penny wise - few new patients rule thus.
    Slam Bam Huge Campaign then Thank You Marketing Man till fear about low revenues reappear
    Cheap Slap About Websites: content is generic, value poor, often traditional perspective stagnant = little good news in bad economic times
Statistics to Back Up My Antics Notes:
"Overall, there was no change in the percentage of the population with a dental visit from 1996 to 2004." (SeniorJournal.com)

Ouch! Painless Dentistry Marketing seems to be lacking in the industry.


END OF 2ND
Installment

Next Installment
Begins With...
Dental Marketing REALITY CHECK UP

_______________________________________________

(On NicheDental.com)
_______________________________________________


LEARN about ‘New Patient Availability'
and Connective Communication© Results:
_______________________________________________

Connective Communication© = Dental Marketing

Freed From Generic, Founded on Value, Focused On Success!

To Schedule A Consult

Contact - Niche Dental Liaison

Oli Gonsalves

1+888.380.0020

Email ogonsalves@nichedental.com

Oli can answer many of your questions.
Then set up a meeting with me - depending on your needs/requests
Sincerely,
Dick Chwalek

Friday

VIDEO: Center for Advanced Dentistry in Nashville Hygienist Talks About Dr. White's Approach

Music City Tennessee Dentist, Kent White's MAIN GOAL is avoiding teeth in crisis.

Melissa has long term experience in dental hygiene-preventative care. She is excited about the proactive and comprehensive treatment style Dr. White has brought to the Nashville TN office she has worked at many years.

Besides complete, careful diagnosis and advanced techniques, no patient is rushed or pressured into doing more than they want. At the same time, Dr. White develops individual treatment plans and recommends the best way to proceed. When possible, a phased schedule can be implemented to get the rewarding results each patient wants cost effectively.


Kent E. White, DDS • Center For Advanced Dentistry, PLLC

CALL (615) • 208-9687

Or Visit


2300 21st Avenue South, Suite 103 • Nashville, TN 37212

Thursday

CBA: Latest Addition to The Northern Dental Alliance Team, a firm focused on Retirement Plan Design, Administration

Further Strengthening Their Breadth of Member Expertise, the NDA Welcomes Aboard Cash Balance Actuaries…

Charlie Steingas, owner of Cash Balance Actuaries, LLC, has joined the Northern Dental Alliance (NDA).

A Minnesota-based organization, NDA also advises dentists in the areas of office safety, construction, marketing, laboratory services, banking, practice transition, staffing, retirement plans, and personal financial strategies.

---------

The Northern Dental Alliance provides a comprehensive platform for dentists to structure highly successful and secure businesses, achieve superior oral health and smile enhancement restorations for their patients as well as protect and improve their financial future through proper retirement, investment, and transition planning. Cash Balance Actuaries, LLC increases the depth of knowledge and resources every NDA member can offer their dentist clients.

Cash Balance Actuaries, LLC, provides as much help with your small 401(k), Profit Sharing, Defined Benefit, or Cash Balance Plan as you need. Explains Steingas, “Our services are priced very competitively and the quality of work and timeliness of service is second-to-none. “We will help you make your retirement plan work for you to meet your goals as a dentist and a business owner.”

Charlie provides complimentary proposals and plan designs at no charge. Please contact him if you are interested in increasing your tax deduction by contributing more to a qualified retirement plan or for him to take a quick look at your current plan to make sure it is meeting all of your goals.

Steingas also says, “Cash Balance Actuaries, LLC does not provide investments or investment advice, nor do we take commissions or asset-based fees of any kind. We charge a flat fee strictly based on our fee schedule which depends only on how much work we provide for your plan.”

CBA Client Testimonial: “Charlie was able to triple my retirement plan contributions without requiring any additional contributions for my staff. He’s also much better at helping me understand my 401(k) plan than my previous TPA.”

As with all Northern Dental Alliance members, Cash Balance Actuaries is an independent firm. Dentists can select individual NDA consultant members and then 'build a team' if desired. Each member is an independent advisor and diligently works in the best interests of the client.

Areas of expertise NDA members represent include business banking, equipment/facility financing, laboratory services, cosmetic/implant dentistry education, OSHA training, infection control, fee-only personal financial/tax planning, retirement strategies, new office building/remodeling, practice purchases/sales, Transitions Mike Haase, Aftco Transition Consultants & dentist transitions, staff recruitment and dental employee placement, and dentists marketing consulting & dental office advertising campaigns.

The Northern Dental Alliance welcomes Charlie Steingas as a member, and is excited to offer his expertise and knowledge to current and future dentist-clients. The professionals of Northern Dental Alliance work with dentists to improve their businesses, enhance their clinical techniques, maintain and improve team skills, protect their practice and personal investments, and increase their personal financial security.

Charlie believes having a niche focus on dental businesses works well for his firm and the dentists he works with. He understands that most dentists have other things to focus on besides their retirement and taxes and his goal is to make everything run as smoothly and cost-effective as possible. Dentists have worked hard to get through school, start or buy into a practice, grow the practice to profitability, and they don’t want taxes and fees eating into their hard-earned assets. With tax rates on the rise, one of the only true opportunities still offered by Uncle Sam is a qualified retirement plan.

The business philosophy of Cash Balance Actuaries, LLC is to exceed the client’s expectations in timeliness and quality, and to never have any surprises with regard to their plan. The success of this philosophy is proven by the satisfaction and loyalty of Charlie’s clients.

The addition of Charlie Steingas and Cash Balance Actuaries, LLC is a sign of a growing industry need for groups like the Northern Dental Alliance.

LEARN more about the qualified retirement plan options:

Visit NorthernDentalAlliance.com or CashBalanceActuaries.com. Or Call Charlie: (952) 500-8696.

NDA Contact Information

  • Northern Dental Alliance
  • www.NorthernDentalAlliance.com
  • c/o NDA Member, Rick Epple

  • 1000 Twelve Oaks Center Dr, Suite 101

  • Wayzata, MN 55391

  • 866-556-6213


PRINT Formatted CBA PressRelease

Photo Slide Show on 1888PressRelease.com

CBA Membership Announcement Posted On 1888PressRelease.com

Story Posted By

Dick Chwalek, President of Niche Dental

@ NicheDental.com

Founder/Member of the Northern Dental Alliance Located in MN

Monday

1ST Installment: To See More Patients Consistently – Imagine Dentistry Differently

The following dental marketing blog/article is formatted & written in a style that may challenge readers who are partial to concise and self contained concepts.
Why?
The point I am making requires a discerning rethinking of communication in reference to dentistry. Unpacking the dental care prioritization riddle is NOT found in “Secret” Dental Marketing Reports!
And, why would anyone hide a solution from dentists, which would help improve dental health in their community?

Developing a system to compensate for the ‘reality of where consumers/patients and dentists’ are required deep research, analysis of actual results, long term perspective (years) and finally, a societally reflective reality check.
This was done to determine how all past/current marketing tactics and communication approaches influence dentists and consumers: positively and negatively.
Using the researched data developed, I created a system that does not, like too much of the dentistry focused marketing, ‘paint over’ what was/is and will be ‘wrong’ with the communication environment.
Unless ‘ALL the real issues’ are confronted and the system/solution is fully developed - not slapped together - the dearth of benefits from dental marketing will continue to lag (harming public, economic and office health) whether we are in tough economic times or not. (SeniorJournal.com)

Skimming the shiny objects from the marketing goodie tray is a symptom – but also a major contributor to the flat lining or worse of dentistry acceptance and value prioritization. While ‘good skimming’ will show results – it merely masks the problems underneath: value stays low or does little to move consumers forward.
Like flossing and brushing can only do so much if someone is more ‘predisposed’ to periodontal disease than the above average person, marketing done slapdash that moves one step ahead - will then move 99.5% back.
That said, to make this dentistry communication blog-article somewhat easier to consume I am going to present it in small portions--with a link to the full concept at the end of each section...

Let’s begin:
First, some...

Dental Word Association:

Skimp. Skimp. Skimp. Minimal. Minimal. Minimal. Cheaper. Cheaper. Cheaper.

Dentistry Priority Digression Questions:

Any other way to approach it? Can I hold off on...? I can't see paying that much!

Dentistry Reductionism Source Discovery:

Words & Questions Above: Who do these words and statements relate to:
  • = The Public & Patients Value Perspective of Dentistry
  • = Most Dentists View of/Approach to Marketing
HmmmNotice the similarity?
Whoa...! Correlation may just Equal Causation!
Theorem = Patients prioritize the value of dentistry as dentists do the value of communicating the priority to patients.
END OF 1ST
Installment

(On NicheDental.com)
_______________________________________________

LEARN about New Patient 'Availability'
and Connective Communication© Results:
_______________________________________________

Connective Communication© = Dental Marketing

Freed From Generic, Founded on Value, Focused On Success!

To Schedule A Consult

Contact - Niche Dental Liaison

Oli Gonsalves

1+888.380.0020

Email ogonsalves@nichedental.com

Oli can answer many of your questions.
Then set up a meeting with me - depending on your needs/requests
Sincerely,
Dick Chwalek
  • NicheDental.com
  • Dentist Marketing Coach
  • Dentistry Communication Consultant

Thursday

NDA Member Named '2011 Best Financial Advisers for Dentists' by Dental Practice Report

Northern Dental Alliance and Epple Financial Advisors, LLC, are pleased to announce that Rick Epple, CFP®, has been selected by Dental Practice Report magazine as one of the “2011 Best Financial Advisers for Dentists” list in their April 2011 edition.

Mr. Epple is one of only three financial advisors in the State of Minnesota to be included in this year’s rankings.

Candidates were selected to the list based upon knowledge and experience, geography, and in good standing with no disciplinary action against them through the Securities and Exchange Commission, Certified Financial Planner Board of Standards Inc., and Financial Industry Regulatory Authority.

Mr. Epple has been very involved in helping dentists including as a founder and member of the Northern Dental Alliance: the organization’s website is www.NorthernDentalAlliance.com.
“Our dental alliance was conceived as a resource for dentists. Each member was looking for a way to attain long-term and overall success for our dentist clients. Personally, I wanted to both assist dentists in achieving their personal financial goals and have the resources readily available to enhance the business and professional side as well. Linking with dental experts in many areas makes that possible.”
Epple Financial Advisors provides comprehensive, Fee-Only financial planning and ongoing wealth management services for families, business owners and dentists who are looking to delegate some level of responsibility for managing their financial affairs.

These people recognize they don’t have the requisite skill set to effectively manage their finances and investments, or they are simply choosing to delegate this task to a trusted advisor.

______________________________________________________

About Rick Epple CFP® My focus as a Certified Financial Planner is to help business owners reach their personal and financial goals, and this blog will provide objective information on a wide variety of related topics, from goal setting to estate planning.


Epple Financial Advisors, LLC
1000 Twelve Oaks Center Dr, Suite 101
Wayzata, MN 55391
Phone 952-470-5049
Fax 952-241-0575

______________________________________________________

Monday

Video Part 2 of 2: Why Are New Dental Patients 'Available' In Your Area or Not...

The second video concludes my general discussion about New Dentistry Patient Availability. This concept refers to the stable or constant number of consumers who are searching for a dentist or dental offices.

The 'Availability' number does NOT change just because another dentist moves into the area.

The ‘Availability quotient’ is changeable but only with a disruption in the environment (like a dentist building a new office--that is obvious to the consumer) or an external communication intervention using activators such as dental marketing direct mail/postcards.

Activators are combined into the Connective Communication© formula, which involves combining layers of marketing required to activate a vibrant new patient base and sustain a high level of available participants.

Dentists develop a matrix of these activators: one 'gathers' the current available group, another 'creates' more new patients and, the third improves the value of what patients request/purchase.


NOTE: Client Testimonial - Split into three parts throughout Part 2 of 2.

Video Presented by Dick Chwalek of Niche Dental
Dentistry Communication Consultant and Dentist Marketing Coach

Also visit my YouTube.com Channel for the latest Dental Marketing/Dentists video.

For more information Contact

Client Liaison • Oli Gonsalves


CALL
1.888.380.0020


or SEND Email To Oli

Wednesday

Nashville Dentist's Video: Why Dental Implants?

Dr. White offers comprehensive smile care including implant dentistry when appropriate.


Various forms of dentistry can provide positive restorative results.

Yet, dental implants add even more value. Implants are natural looking and are as strong as natural teeth. Adjacent teeth are protected – no need to attach a bridge or partial denture to them, making the procedure more conservative of your surrounding healthy teeth.

Implant dentistry is total oral health rejuvenation with the added benefit of beautifully natural smile makeover. It's dental care everyone should consider who is a missing tooth or or many teeth teeth, and then experience.

Both implants and implant supported dentures are long term smile healthy treatments.

For More Information - Contact Dr. Kent E. White.

CALL (615) 208.9690


2300 21st Avenue South, Suite 103


Also Visit



Video Compiled by

Dick Chwalek

Dentists Learn About Retirement Plans Design and Administration

A cash balance plan is a defined benefit plan that operates much differently than other kinds of retirement plans.
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.

In addition, an introduction to Northern Dental Alliance member Charles Steingas, chief actuary of Cash Balance Actuaries, LLC.

INTRODUCTION

Most of the cash balance plans we design are established for the primary benefit of the owners or executives of a company. Therefore, the contributions for owners and executives are typically very large with a smaller contribution provided to staff to meet IRS requirements. During the plan design, the sponsoring company selects the amount of contribution for each owner and executive, up to the maximum amount permitted by law.

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:

Company Overview
• Client Focused Actuarial & Pension Plan Consulting

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.

Charles D. Steingas, EA, MSPA, MAAA

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.

Charlie graduated from Drake University in Iowa with degrees in Actuarial Science and Finance. Since then he has become an enrolled actuary as well as a member of the American Academy of Actuaries and the American Society of Pension Professionals and Actuaries, and is now a member of Northern Dental Alliance -- who help dentists achieve success.


CBA designs and administers retirement plans tailored to save dentists money on taxes and meet a dentist's specific needs as a business owner.


Blog Provided by

Dick Chwalek