An example plan. Dana runs a one-person consulting firm. Every figure comes from the same engine as your estimate.

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maxedRivera Advisory LLC Cash Balance Plan

Your plan

The plan’s particulars, how it was set up, and what happens each year.

The plan

Plan
Rivera Advisory LLC Cash Balance Plan
Effective
January 1, 2026
Sponsor
Rivera Advisory LLC, tax ID 84-0000417
Plan’s tax ID
99-0008830
Trustee and plan administrator
Dana Rivera
Brokerage
Charles Schwab, account ending 2291
Retirement age
62
Interest credit
Actual return on the plan’s investments
Signed
October 7, 2026
Most it can pay at retirement
$3,720,727, at today’s limits

Every year

These open each January, starting in 2027.

  1. Send your year-end figures

    Your pay for the year and the plan account's December 31 statement. We ask for them in January.

    You · To do

  2. Annual valuation certified

    The actuary values the plan, certifies the funding figures on Schedule SB, and sets next year's range.

    Actuary · Waiting on an earlier step

  3. Sign and file Form 5500-EZ

    We prepare it once plan assets pass $250,000, or in the plan's final year. You sign it and file it with the IRS.

    You · Waiting on an earlier step

How it was set up

  1. Confirm your business and pay details

    Your business's legal name and tax ID, your date of birth, and your pay for the last three years. The actuary works from these, not from the estimate.

    You · Done

  2. Actuary confirms your contribution range

    An enrolled actuary checks the plan design against your verified pay and sets this year's minimum and maximum.

    Actuary · Done

  3. Plan documents prepared

    We prepare your adoption agreement, trust agreement and summary plan description on IRS pre-approved documents.

    Maxed · Done

  4. Review and sign your plan documents

    You sign as the business adopting the plan, and as trustee. The $2,000 balance of your first-year fee is charged when you sign, and your deposit stops being refundable.

    You · Done

  5. Apply for the plan's tax ID

    The plan's trust needs its own employer identification number. The IRS application takes about ten minutes online and we tell you what to enter on each screen. The IRS issues one number per person per day.

    You · Done

  6. Brokerage account forms filled in

    We fill in the account application for Schwab or Fidelity, in the plan's name, for you to sign.

    Maxed · Done

  7. Open the plan's brokerage account

    Sign the application in ink and mail it. When the account opens, connect it so your plan page follows its value.

    You · Done

  8. Choose how the account is invested

    Your plan credits your account with what its investments earn, so how you invest decides how your account grows. Read how that works before you choose.

    You · Done

  9. Make your first contribution

    Move money from the business account into the plan's brokerage account, anywhere in your range, by the deadline. Then record it here.

    You · Done