Combo Plans

By linking our client’s organizational and HR strategies to a qualified retirement plan approach, Kushner & Company can combine the different plan types into one plan to achieve those goals. A combo plan often will use a cash balance component with a 401(k) or 401(k) Profit Sharing Plan. By utilizing more than one plan type, often a more senior owner or higher-paid executives can receive larger contributions by percentage than would otherwise be allowed in individual plans. The combo plan is a very powerful tool in the right environment.