I have a client that accumulated $5.7 million in assets in a defined benefit pension plan. His maximum benefit of $2.7 million was paid out a couple of years ago. He is looking to find ways to use the extra $3 million including selling his business with the overfunded plan, 401(h) benefits and life insurance products. He needs an ERISA specialist who can assist him in dealing with the excess.
May 31, 2024