Are You Cashing in on Cash Balance?

Recent reports indicate a surge in adoption of cash balance plans in recent years, particularly among smaller employers. In this week’s reader poll, we’d like to know what you’re seeing – and doing.

The number of new cash balance plans adopted by employers increased by 17% in 2015 – rising to 17,812 active plans – according to Kravitz’s “2017 National Cash Balance Research Report.” Kravitz also claims that cash balance plans now make up 34% of all defined benefit plans, up from just 2.9% in 2001, and that total plan assets have risen to $1.1 trillion.

This week, we’d like to know if cash balance plans are included in your plan design arsenal, what kind of response you are seeing/getting, and whether you are making that pitch on your own, or in conjunction with other partners.

You can respond to this week’s NAPA Net reader poll at https://www.research.net/r/8J9TR23.

And, of course, we’ll have the results all wrapped up for you here on Friday.

Oh, and don’t forget to weigh in on topics for the NAPA 401(k) Summit – and check out SummiTalk! It’s not too soon to be thinking about – and planning for – the NAPA 401(k) Summit!

Check it (all) out at http://napasummit.org.

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