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Definition

Pay Credit

The amount added to a Cash Balance participant's hypothetical account each year based on plan formula.

A pay credit (or principal credit) is the annual allocation to a participant's Cash Balance account, defined by the plan document as a flat dollar amount or a percentage of pay.

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We'll walk through a valuation from census to Schedule SB, and talk about how your firm works today.

What the demo covers

  1. 1A live walkthrough from census to Schedule SB
  2. 2A look at templates, calculators, and team roles
  3. 3Time for your questions about setup