Tax-Exempt - TrueNorth Retirement Services
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Tax-Exempt

TAX-EXEMPT PLAN

A retirement savings plan for all types of organizations.

Every organization deserves a retirement savings plan. For tax-exempt organizations, by getting a retirement plan in place you will help your employees save for the future and creating a stronger sense of security in their current employment.

What makes a Cash Balance Plan different?

Instead of having a retirement investment based on a formula that takes into account, your age,  how long you were on the job, and your average salary during your last few years of employment, a cash balance plans allows your employees and your own cash-balance plan to be credited with a set percentage of your salary each year, plus a set interest rate that is applied to your balance.

With a cash balance plan you will get a statement each year that illustrates the hypothetical value of your account along with the sort of monthly income payout that will generate when you retire at 65.

Additionally, a value-add to your employees is that if they choose to leave the company before retirement age, they may take the vested portion of their cash-balance plan as a lump sum and roll it into an IRA.

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