Startup a 2020 Cash Balance Plan in 2021

Maximize ALL tax credits and lower your tax liability for the 2020 tax year, by adopting a 2020 Cash Balance plan in 2021!

With the SECURE Act legislation, the NEW Cash Balance Start-Up Deadline for a 2020 tax deductible plan is July 31st, 2021 (with extension), lowering the amount of taxable income for 2020.

What does this mean?

You can now complete a preliminary tax return for 2020, see what the tax liability is and then design a Cash Balance Plan. In addition, you can receive further tax deductions, by lowering your taxable income with a Cash Balance plan.

How does it work?

Complete a preliminary tax return for 2020.
Evaluate your tax liability to decide on a pay credit that is practical for you.
Trinity’s in-house Actuarial team will design a customized Cash Balance Plan.
Enjoy additional tax credits, by lowering your tax liability for the 2020 tax year with your new Cash Balance Plan.