Gregg W. Daily, AIF®

One of Joe’s clients had a successful business and was interested in contributing more to their retirement accounts. However, the client was limited by the existing employee benefit plan structure and IRS contribution limitations on their existing structure. Joe’s team was familiar with the structure of their existing plan and offered to do an analysis of their options. “The Schneider Downs Retirement Plan Solutions Group suggested a cash balance plan and provided an analysis to the business owners which quantified the impact and provided options to allow the client to evaluate the direction they were most comfortable moving forward with.” Bruce said. “The client elected to adopt the cash balance plan and was able to significantly increase contributions into the owners’ retirement accounts. This also enhanced the quality of the retirement benefits for their employees, which in turn helped improve employee retention.” Schneider Downs provides Big Thinking and Personal Focus in delivering a variety of services for large and small businesses, both publicly and privately held, as well as nonprofit organizations, government entities and more. Through our commitment to thought leadership and knowledge management, we deliver the solutions our clients need with a personal commitment to service.