This article has been updated for 2024. Defined Benefit Plan Target Return Rate What investment return should I target in a Defined Benefit Plan? Financial advisors ask us this question quite a bit. While we cannot give investment advice, we will provide you with the information needed to arrive at your own conclusion. Specifically, we […]
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. […]
This article has been updated for 2024. Defined Benefit Plan Quarterly Contributions Defined Benefit Plans generally require contributions each year. In some instances, required contributions can be paid all at once. Other times, deposits must be made quarterly. In this article, we will answer common questions regarding quarterly contributions. For example, in what situations are […]
This article has been updated for 2024. Defined Benefit Plan Credit Balances A Defined Benefit Plan (“DB Plan”) is a type of retirement plan that allows for significant tax-deductible contributions. In fact, for a high-income business owner, allowable contributions can be as high as $100k to $250k+ per year. However, Defined Benefit Plan contributions are not […]
