Keyword: cash balance plans

Cash Balance Plans Claiming Larger Slice of Retirement Pie

Defined benefit plans, as well as defined contribution plans, are both yielding ground to the expanding cash balance plan segment. Both Kravitz, a firm that designs, administers and managing corporate retirement plans, and Russell Investments have released information showing that such hybrid plans — which have attributes of DB and DC plans — are growing in numbers and assets.    Read More

Pros and Cons of Cash Balance Plans

There’s a saying that if you’re a hammer, the whole world looks like a nail. For plan advisors focused on 401(k) plans, they might be offering K plans to all clients — even those that might be too small or as a one-stop solution for all retirement needs. Cash balance plans, on the other hand, might be right for smaller companies who don’t want the administrative headaches or liability of K plans, especially their unattractively low deferral limits.   Read More