By inputting a client’s age and income using the free app’s drop-down menu, advisers can provide an estimated maximum annual contribution amount for the first year of a cash balance plan. Advisers can select from ages 35 to 70 in one-year increments, and choose the compensation from $50,000 to $250,000 in $10,000 increments.
Financial advisers can then request a full illustration from Trinity Pension Consultants—an email will be sent directly to a Trinity representative, who will contact the adviser for more information.
“Cash balance plans are one of the fastest-growing sectors of the retirement plan market,” said Kevin Bergdorf, Trinity principal. “Financial advisers and other retirement planning professionals require the tools necessary to stay ahead of the curve.”
The app can be downloaded for both the Android and iPhone by searching for CB Navigator in the Google Play Store or the Apple App Store.
For more information, visit www.trinitypension.com.