Implementing and managing defined benefit plans can be complex, requiring professional guidance and expertise. However, when planned and executed correctly DBPs can provide significant tax savings and retirement benefits. Financial advisors, actuaries, and tax consultants can provide the necessary knowledge and support to navigate the intricacies of these plans, ensuring compliance and maximizing the tax-savings potential for S Corporations. Please consult with your advisory team especially your financial advisor to determine the viability of a DBP for your business.