Cash Balance Plans for Physicians — South Florida’s Custom Design Hub (Miami · Fort Lauderdale · West Palm Beach)
Your practice isn’t average—your plan shouldn’t be either. Pension Services, Inc. (PSI) designs ultra-custom Cash Balance + 401(k) programs for doctors and dental professionals across South Florida.
We’re known for granular, per-employee plan formulas (where compliant) that align owner targets with fair, efficient staff benefits—and pass coverage & nondiscrimination testing cleanly.
Why PSI for South Florida Physicians
We serve clients nationwide, with a concentration in the South Florida Tri-County area—where our physician/dental network and advisor partnerships run deep.
- 108 physician & dental practices in Tri-County — Miami-Dade 70, Palm Beach 22, Broward 16.
- Top cities: Miami, Coral Gables, Boca Raton, Miami Beach, Hialeah, South Miami, Pembroke Pines, Aventura, Delray Beach, Jupiter.
- Specialties served: Internal Medicine, Surgery, Orthopedic Surgery, Diagnostic Radiology, Dentistry/Orthodontics, Dermatology.
These specialties often benefit most from coordinated Cash Balance + 401(k) designs—enabling large, deductible contributions with predictable, age-aware benefits and clean, pre-tested compliance.
2 owners (52/49), 14 staff → Per-employee pay-credit tiers modeled; owner targets in low six figures with clean testing.
1 owner (57), 8 staff → Fixed interest crediting + tight funding range; integrated with 401(k) safe harbor.
3 owners (45–58), 22 staff → Class-based design by owner/associate/staff; predictable staff cost and coverage pass.
What Makes PSI Different
- Per-employee granularity (within compliance): We can set pay-credit formulas by individual or class (owner, associate, staff) with age/service weighting—then validate coverage and nondiscrimination before adoption.
- “One-pass” modeling: In a single feasibility run, we show owner vs. staff value, funding ranges, interest credit options, and combo testing with your 401(k).
- Local expertise, national capability: Deep Tri-County footprint + processes to serve practices across the U.S.
- CPA/Advisor-friendly: We can partner with your CPA/FA or work directly with your practice—your relationships are respected.
- Clean testing, clean exits: Coverage & nondiscrimination pre-tested; freeze/terminate pathways modeled when life changes (sale, W-2 employment).
Ultra-Custom Cash Balance, Explained
“Custom” is more than a buzzword. We tune the plan at the employee level, where permitted by law, so owners can pursue higher, predictable targets while staff allocations remain fair and compliant.
Design Levers
- Pay credits: by employee or class (owner/associate/staff), or by age/service bands.
- Interest crediting: fixed rate, Treasury-linked, or other permissible formulas.
- 401(k) integration: safe harbor + profit sharing coordinated with CB testing.
- Funding ranges: narrow vs. flexible—set to fit cash-flow realities.
Patterns We Model
- Owner-level targets in low–mid six figures with staff cost caps.
- Tiered staff credits by tenure/role to meet coverage and fairness.
- Associate incentives via class-based pay credits.
- Exit-aware designs when a sale or W-2 shift is on the horizon.
Compliance first: every custom element is validated against required coverage and nondiscrimination testing. We design for your goals—then confirm it passes.
How We Work (Fast + Clean)
- Fit Check (15 minutes): Quick diagnostic on goals, census, and feasibility.
- Data In: Ages, compensation, ownership, headcount.
- One-Pass Model: Owner vs. staff value, funding ranges, interest credit, and CB+401(k) testing.
- Selection & Sign-Off: Choose the formula set that meets goals and passes testing.
- Implement: Plan docs, onboarding, and calendar of contributions.
- Admin & Adjust: Annual testing, tune-ups, and exit modeling if needed.
CPA or Financial Advisor? No Problem.
We’re a TPA that plays well with others. Work with us direct-to-client or in a partnered model—whichever you prefer.
- Co-advisory workflow: Shared feasibility, modeling transparency, and clean delineation of roles.
- White-label option: We can operate behind the scenes if you prefer a single client interface.
- Documentation & speed: We deliver the testing and exhibits you need to move decisively.
Quick Answers
Can you customize formulas per employee?
Yes—within regulatory limits. We frequently design per-employee or class-based pay credits, validate coverage and nondiscrimination, and coordinate with 401(k) so it all passes cleanly.
What do owners typically contribute?
Many physician owners target low- to mid-six-figure totals across CB + 401(k), depending on age, pay, and design. We model scenarios so you can choose a comfortable funding range.
How fast can we start?
Fit Check in 15 minutes; feasibility shortly after data receipt; plan docs and onboarding follow once a design is selected.
What happens if we sell or become W-2?
We plan for freezes/terminations and rollover options in advance so your exit stays orderly and compliant.
We’ll model owner vs. staff value, funding ranges, interest crediting, and CB+401(k) testing in one pass.
Book a 15-minute Fit Check
Important: Plan features are subject to IRS and ERISA rules, annual testing, and plan-document terms. Illustrations are educational and not tax or legal advice; practices should consult their advisors.