Actuaries who work with defined benefit and cash balance/hybrid plans are anticipating a surge in the latter. 

That's according to a survey of hybrid plans by the ASPPA College of Pension Actuaries (ACOPA), which found that actuaries currently working with more than 15,000 plans anticipated 2,100 new cash balance plans, on a current base of some 5,600 such plans. Of the latter figure, 240 plans were cash balance conversions. 

Those figures would appear to bear out results of another report, from Kravitz, which found that cash balance plan growth has beat industry projections by more than double. 

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.