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Cash Balance 101


Cost Free
Presentation Length 1.0 hour

Recorded DateApril 20, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

A cash balance plan is a type of qualified plan that qualifies for tax deferral and creditor protection under ERISA. It was introduced nearly 40 years ago but gained popularity when the Pension Protection Act of 2006 clarified specific rules, making this retirement plan more readily accessible. This course is designed to educate you on why cash balance plans are excellent tax strategies and how to identify ideal candidates for these plans.  

Learning Objectives: 

  • Define what a cash balance plan is and familiarize yourself with the background of cash balance plans

  • Determine why cash balance plans are a great tax strategy

  • Identify ideal candidates for cash balance plans

  • Give examples of case studies

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Jay Cohen

Monterey Wealth
Founder & President


Jay Cohen is the founding partner of Monterey Wealth – a financial services firm dedicated to financial literacy, wealth planning, and 401k consulting. Our clients are entrepreneurs, executives, and professionals and realize that developing a wealth management strategy is critical for financial security. The firm was founded on three fundamental values: provide well-thought advice in the client's best interest, involve the right resources at the right time, and never lose a client due to lack of service.

Jay has a unique background in corporate finance, taxation, and accounting and is a vital member of a management team. He is a CPA and has a Master's in taxation from The University of Texas. Jay obtained the CFP® designation in 2007 and gained his business experience working at Ernst & Young, Genuine Parts Company (owner of Napa Auto Parts), and other entrepreneurial organizations. His common-sense approach to wealth management makes him uniquely qualified to coach his clients on wealth creation and preservation.

Monterey Wealth has established multiple strategic alliances, including Signature Bank, to provide financial services for its customers. Jay is married, has two sons, lives in Sandy Springs, and enjoys coaching baseball at Morgan Falls. He is involved in many organizations, including serving on the Finance Committee of Quality Care for Children. Jay was selected to become a member of PEAK, a national coaching organization dedicated to helping other top advisors grow and manage leading financial management firms.


David Duncan

Monterey Wealth
Founder & President


David joined Monterey Wealth in March 2018 as a Wealth Advisor. Before joining Monterey Wealth, David gained six years of finance, audit, and consulting experience at Triage Consulting Group. His expertise in consulting brings a client-first approach to help address complex needs and provide strategies.

David earned his Bachelor of Science in Business Administration at the Georgia Institute of Technology, where he was a member of the Jackets baseball team. David was drafted after his junior year, where he played three seasons in the Houston Astros organization. He completed his degree during the offseason in 2011. David obtained the CFP® certification in 2018. He and his wife Ashley live in Midtown Atlanta and enjoy traveling internationally and discovering new restaurants around the Atlanta area.


John Benton

Kravitz, Inc.
Vice President & Sales Consultant
(866) 929-2525


John Benton leads the Kravitz Atlanta office and serves as Regional Sales Director for the Southeast. He joined the Kravitz team in 2019 to support growing demand for Cash Balance plans throughout the Southeastern states. John Benton brings more than 15 years of retirement industry experience to Kravitz, including a proven track record of sales success at The Retirement Advantage, John Hancock, and Signator Investors (now Royal Alliance). Most recently, he nearly doubled retirement plan revenue in two years, developed six state territories, and set a company sales record. An accomplished speaker and educator, John enjoys speaking to groups of advisors and high net worth business owners about the many advantages of Cash Balance plans.

About Our Presenter

Many 401k advisors provide investment guidance. In reality, investment management has become a commodity. Other advisors provide investment guidance and employee education. Some are effective and some are not. Very few 401k advisors provide investment management, employee education, and support plan operations. That’s what makes Monterey Wealth different. Our goal is simple. Own plan operations, help you keep your plan clean, and take work off the plan administrators'​ desk.