The number of new cash balance plans—also known as hybrid plans—is up by 32 percent, according to a new report, although the number of new 401(k) plans is growing more slowly.

That's among the findings from the 2015 National Cash Balance Research Report from Kravitz, which also found that the growth among cash balance plans more than doubled industry projections of 15 percent year over year.

In comparison, 401(k) plans only recorded growth of 3 percent.

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