Top Reasons Why You Should Consider a Cash Balance Plan

Did you know a recent research report indicates that the number of new Cash Balance plans increased 17% outpacing the 3% growth of 401(k) plans? Moreover, 92% of the cash balance plans are sponsored by companies with less than 100 participants. What is a Cash Balance Plan? A cash balance plan is a defined benefit plan in which an employer credits a pay credit and an interest credit to the participant account. It also allows …