Yes, a Cash Balance plan is an IRS-qualified plan, and all contributions to qualified plans are tax-deductible expenses. Like all qualified retirement plans, assets are protected from creditors. The nation’s first Cash Balance plan was introduced of Bank of America in 1985 and the Pension Protection Act (PPA) of 2006 affirmed the legality of Cash Balance plans and made the plans easier to administer. New IRS Cash Balance regulations in 2010 and 2014 expanded investment options, minimizing many funding issues and making the plans even more appealing to business owners and their employees.