State-of-the-Art Cash Balance Plan Solutions
Design | Service | Outcomes
Key Benefits
Direct Access to Plan Actuaries
Consistent Annual Contributions
Daily Account Valuation
Dedicated Relationship Managers
Wide Selection of Investment Options
Cash Balance Plans for Independent Physicians and Dentists
Our retirement plan solutions are designed to maximize annual retirement contributions, minimize income taxes, and reduce administrative headaches and costs.
What is a
Cash Balance Plan?
A Cash Balance Plan is a powerful retirement savings tool designed for high-income professionals, including physicians. It’s a tax-advantaged pension plan that allows for much higher contributions than a 401(k), making it ideal for doctors looking to maximize retirement savings while reducing taxable income.
Key Benefits for Physicians:
- High Contribution Limits – Unlike a 401(k), where contributions are capped at around $70,000 (2025 limit, including profit sharing), Cash Balance Plans allow for six-figure annual contributions, which increase with age.
- Massive Tax Savings – Contributions are tax-deductible, reducing your taxable income. This is especially valuable for physicians in high tax brackets.
- Guaranteed Growth – Unlike a 401(k), which depends on market performance, a Cash Balance Plan provides a predictable return (up to 6.0% annualized), making it a stable retirement option.
- Works Well with a 401(k) – You can stack a Cash Balance Plan with a 401(k)/Profit Sharing Plan, significantly increasing total retirement savings potential.
- Great for Practice Owners & Partners – If you own a practice, you can structure the plan to benefit both you and key employees while maximizing tax efficiency.
- Portability & Flexibility – Upon retirement or leaving the practice, funds can be rolled into an IRA, providing long-term control over investments.
Why It’s Ideal for Physicians
Physicians often face high taxes and may have started saving for retirement later due to medical school and residency. A Cash Balance Plan helps catch up on retirement savings quickly while optimizing tax efficiency.
Could a Cash Balance Plan be Right for You?
- Would you like to defer up to $150,000+ of income at age 45 that could reach as high as $300,000+ at age 65 in addition to your current 401(k) contribution?
- Could you sustain the same deferral amount for 5 Years or more?
- Are you willing to contribute at least 5% of payroll toward staff retirement benefits?
If the answer is YES to all three questions, then a Cash Balance Plan could be right for you. To get started with a customized analysis for your situation, including potential tax savings and contribution amounts, click on the link below to schedule a brief 30-minute Zoom call with us.
If You Already Have a Cash Balance Plan
- Would direct email and cell phone access to a dedicated actuary for personalized support be helpful?
- Would you like to stabilize annual contributions regardless of market performance?
- Would you like to increase your annual benefit accrual rate to 6.0% from your current Fixed Interest rate?
- Is your plan underfunded and potentially subject to IRS excise taxes from 10% to 100% of the unfunded amount, amortization payments, or a large one-time “True Up” contribution?
If you answered YES to any of these questions, amending your plan now to incorporate Market Return Crediting could help maximize contributions, reduce tax liability, and improve long-term retirement outcomes. To get started with a customized analysis for your situation, including potential tax savings and contribution amounts, click on the link below to schedule a brief 30-minute Zoom call with us.
Contact us for a complimentary second opinion of your Cash Balance plan today!
How We Help You and Your Employees Save for Retirement
In our 20+ years of experience, we’ve developed deep relationships with key retirement plan companies and can connect your practice to experts across the industry. Through these companies, we’re able to create a comprehensive retirement plan solution and offer coordinated, personalized advice you can’t get from the big plan providers. Here’s how it works.
Information Gathering and Analysis
Using our secure file transfer portal, provide your Cash Balance Plan Adoption Agreement and Amendments, latest Actuarial Valuation Report, Year End Participant Statements, and the latest Cash Balance Plan census. We will also need your 401(k) Plan Adoption Agreement and amendments, latest participant statements, the latest 401(k) Plan census, and the 408(b)(2) fee disclosure from your 401(k) provider. We will review your information with our partners and offer insights on how your plan could be more efficient, providing better retirement outcomes without added cost.
Review Recommendations
Implement Recommendations
When you’re ready to make the switch, we will work to create your new plan and coordinate the implementation process. Our aim is to make this as seamless as possible for plan sponsors and participants.
Ongoing Support and Education
Why Should You ChoosePhysicians Pension Fiduciary?
Coordinated Service from Industry Experts
Hands-on Implementation Support
ERISA 3(21) Investment Advisor Fiduciary Service and Support
Quarterly Update Calls
Phone and Email Support
One-on-one Advice
Specialized Support for Physicians and Dentists
Retirement Readiness Planning based on Investment Objectives, Risk Tolerance, and Time Horizon
About Physicians Pension Fiduciary
Physicians Pension Fiduciary is a boutique financial services firm dedicated exclusively to developing retirement plan solutions for independent physicians and dentists. Our coordinated approach and nimble mindset work to create efficient, practical plans that can help them unlock better outcomes for their retirement plans.
Patrick Wallace, MBA, CFP®
Founder and President
Our founder, Patrick Wallace, entered the financial services industry in 2002 after completing his Executive MBA at Texas Christian University. He found that private practice physicians and dentists were crucially underserved in the retirement plan space and founded Physicians Pension Fiduciary to support this critical need and provide financial care to those who cared so much for others.
Patrick is a widely recognized leader in the Dallas/Fort Worth financial advisor community as a member of the Dallas/Fort Worth Chapter of the Financial Planning Association, a CERTIFIED FINANCIAL PLANNER™ professional, and member of the Tarrant County Bar Association. He has also contributed to personal finance articles in Money Magazine, USA Today and the Wall Street Journal.
Prior to entering the financial services industry Patrick enjoyed a very successful engineering career with General Dynamics (F-16 Program: Comm/IFF Systems Integration, EMI/EMC), Abbott Laboratories (Blood Chemistry Analyzers (U.S. Patent 4,897,244), and Intel (Two time recipient of Intel’s Achievement Award).
Outside of work, Patrick is a private pilot and stays active in the local aviation community. He and his wife, Tracie, enjoy flying short local hops for those $100 hamburgers and cross country flights to Colorado.
Check the background of investment professionals on FINRA’s BrokerCheck.
Lara Cason
Operations Associate
Lara Cason joined Patrick in February 2015 after working closely with a local CPA firm for several years. Using her past work experiences as an Executive Assistant, she assists Patrick with the day to day operations required by FINRA to run an ethical and successful financial firm. Lara believes the intricacies of the financial industry are best navigated with expert advice and she is passionate about supporting Patrick to assist all clients in achieving their goals.
As a fellow Texas Christian University graduate, Lara can frequently be found cheering on the Horned Frog football team both at home and at their bowl games. If you see her in the office, there’s a good chance you’ll catch her wearing something purple. In her spare time, Lara enjoys traveling, spending time with her family and playing her various musical instruments.
We work with the following partners to coordinate and deliver comprehensive retirement plan services:
Want more to know more about Cash Balance Plans?
Click the link below and receive your free copy of Medical and Dental Practices Guide | Cash Balance Plans.