Not sure which service fits? Most plan sponsors aren't. Here's the plain-language version of what each option does and who it's built for.
A cash balance plan operates like a defined benefit plan but feels a lot like a profit-sharing account — each participant's balance grows every year through contributions and a guaranteed rate of return. It's a lower-risk option for employees and a more tax-efficient one for employers, and it pairs well alongside a 401(k) for owners and highly compensated employees who want to accelerate their savings.
The traditional defined contribution plan: employees set aside part of their paycheck, and employers can match some or all of it. It's the most familiar way to help a team build retirement savings, and it's flexible enough to fit almost any size business. We handle the recordkeeping, compliance testing, and day-to-day administration so it stays simple on your end.
Under a 3(16) arrangement, our Compass 360 division takes on the additional fiduciary responsibility, ERISA compliance, and ongoing maintenance that a plan requires. That means less liability sitting on your desk and more confidence that the plan is being run correctly, day to day — not just at audit time.
Group and pooled arrangements let multiple businesses share a single, cost-effective plan structure. We work across the full spectrum of aggregated options:
Our consultants can walk through your current setup and flag the option that actually fits, no obligation.
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