This article has been updated for 2024. Introduction In a Defined Benefit Plan, a business owner is able to make high deductible contributions ($100k to $250k+). Of course, large contributions lead to a large asset pool, so it is important to select a qualified financial advisor to manage Defined Benefit Plan assets. Defined Benefit Financial […]

Financial Advisor Defined Benefit Plan

The Financial Advisor for Your Defined Benefit Plan. What You Should Consider.

This article has been updated for 2024.   A side business provides a great opportunity to save for retirement. In fact, a business owner may be able to save and deduct most or all side business income using a Defined Benefit Plan. SEP and 401(k) Plans significantly limit retirement contributions. Defined Benefit Plans, on the […]

Side Business Defined Benefit

The Side Business Defined Benefit Plan. When a Solo K Isn’t Enough.

This article has been updated for 2024. What Is the Schedule SB? The Schedule SB is an attachment to the Form 5500 series. The schedule reports the funding adequacy of the Defined Benefit Plan. An Enrolled Actuary must certify the figures on the form. Importantly, the Schedule SB does not show the maximum deductible contribution. […]

Schedule SB

Schedule SB – Defined Benefit Plan Actuarial Information

This article has been updated for 2024. Defined Benefit Plan Contribution Range Previously, we discussed the maximum payment you can receive from a Defined Benefit Plan. In this post, rather than focusing on the maximum payout or “lifetime limit”, we will explain the maximum annual contribution. Additionally, contributions in Defined Benefit Plans (“DB Plans”) are not […]

Defined Benefit Contribution Range

Defined Benefit Contribution Range. How It Works.