Choosing the right retirement plan for your non-profit

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What is a Cash Balance Plan

Fisher Investments®

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Male Voice: "Hi, I'm Mathew Cooksey, I'm the business development team lead here at Fisher Investments 401(k) Solutions. And I work with a lot of high-earning business owners who didn't realize we have a strategy to help them significantly reduce their tax liability upwards of one hundred thousand dollars each year. You could be one of them."

A man dressed in a suit speaks to the camera. A flyout in the lower left corner identifies him as Matthew Cooksey, Business Development Team Leader.

"So a Cash Balance plan is a type of retirement plan that often works side-by-side with 401(k) plan that allows high-earning business owners the ability to significantly increase their tax deferred savings often upwards of three hundred thousand dollars each year while also reducing their tax liability in some cases upwards of one hundred thousand dollars each year. And the greatest part about that is those contributions also grow tax deferred."

"A Cash Balance Plan can be one of the most valuable tools that a lot of high earning small business owners overlook in their strategies to reduce their taxes. A lot of the client I talk to have exhausted a lot of the traditional models or ways that they can reduce the amount they are paying in taxes. With this plan it allows them to not only save hundreds of thousands of dollars each year into their personal retirement those contributions allow them to reduce their tax liability as well. And that can be really beneficial for people that have kind of hit the wall of what is available to them."

"Cash Balance plans can be complex. And its important to have an advisor who is an expert in them to help you navigate them Here are Fisher investments we have the expertise and the experience to help our clients and their CPAs optimize their plans to not only reduce their tax liability on an on on-going basis but make sure their getting the most out of their retirement savings."

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Fisher Investments 401(k) Solutions. © 2021 Fisher Investments. Investing in securities involves the risk of loss. Intended for use by employers and their consultants, considering or sponsoring retirement.

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Non-Profit FAQs

Fisher Investments®

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Female Voice: "Hi, my name is Kimberly Ellis. I'm a retirement specialist at Fisher Investments."

A woman dressed in a white blouse and navy-blue blazer speaks to the camera. A flyout in the lower left corner identifies her as Kimberly Ellis, Retirement Plan Specialist.

"This means I spend a lot of time helping non-profit organizations improve their retirement plan. Here are a few common questions that I get."

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"One: What types of retirement plans are available for non-profit organizations?"

"Typically, non-profits choose to sponsor either a 403(b) or a 401(k) plan. Many non-profits also choose to have a non-qualified deferred compensation plan, which can help their key employees save even more.

A green flyout appears from the lower left with the question: "What types of retirement plans are available for non-profit organizations?"

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"Another question I hear is: What's the difference between a 403(b) and 401(k) plan?"

"401(k) and 403(b) are more similar than they are different. Both plans allow employees to save for retirement by putting away up to twenty-seven thousand dollars per year on a tax deferred basis. However, only non-profit entities are able to sponsor a 403(b) plan. One advantage of a 403(b) plan is that they don't have to pass certain types of compliance testing. A disadvantage of a 403(b) plan is that they are limited in the types of investments they can use."

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"Another question I often hear is: How do I choose the right retirement plan for my non-profit?"

"The answer is: consult with an advisor who specializes in non-profit retirement plans. A specialized advisor can help you evaluate which type of plan is best suited for your organization, help you set it up, and, help you manage it."

"Fisher Investments has the expertise to help non-profit organizations set up and manage retirement plans that are tailored to get their employees the retirement they deserve."

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Fisher Investments 401(k) Solutions. © 2022 Fisher Investments. Investing in securities involves the risk of loss. Intended for use by employers and their consultants, considering or sponsoring retirement plans; not for personal use by plan participants.

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Is Your 403(b) Costing Your Employees Big?

Fisher Investments®

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Male Voice: "My name is David Bui, I am a Senior Business Development Executive at Fisher Investments, which means I spend a lot of time working with 403(b) plans. "

A man dressed in a navy blazer speaks to the camera. A flyout in the lower left corner identifies him as David Bui, Senior Business Development Executive

"One of the biggest pain points we come across with 403(b) plans is that many of them are on an annuity platform that costs the employees big time."

"An annuity platform means the 403(b) plan is provided by an insurance carrier, and is invested in annuity products."

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" This can be problematic for employees for three reasons: Investments, Fees, Service."

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"First, the investments on an annuity platform tend to be insurance-based. This translates to commissions for the advisor, higher fees, and often, lower overall performance."

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"Next, the fees tend to be higher on an annuity platform because of the commission and insurance."

"The fees can also be more difficult to calculate because of the confusing commissions."

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"Lastly, service & support on an annuity platform tend to be lower. This is due to two reasons:"

"The first: Annuity advisors don't typically act as a fiduciary. This means they aren't required to act in your best interest."

"The second: Annuity advisors rarely provide any support or education to the participants in the 403(b) plan."

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"More than half of all 403(b) plans are on an annuity platform today. The good news is, it's pretty easy to fix!"

"A specialized advisor–like Fisher Investments–can provide a non-annuity platform for your 403(b) plan. This means high quality investments, reasonable & transparent fees, and robust participant support."

"This can help set your employees up for the retirement they deserve."

The camera remains focused on David as he continues to speak, gesturing occasionally.

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Fisher Investment 401(k) Solutions logo fades on to the screen.

Fisher Investments 401(k) Solutions. © 2022 Fisher Investments. Investing in securities involves the risk of loss. Intended for use by employers and their consultants, considering or sponsoring retirement plans; not for personal use by plan participants.

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