Can An Employer Have More Than One Retirement Plan?

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   Steve Savant

   Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona

   The short answer is yes. And here's an example: A popular employer sponsored qualified retirement plan strategy is to use a 401(k) and a cash balance plan in combination, leveraging the contribution limits for employer. The 401(K) is a defined contribution plan in tandem with a cash balance plan which is defined benefit plan can, after meeting the requirements, substantially save money with pretax dollars.

   Answered on September 13, 2013

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