Cash balance plans, also referred to as hybrid plans, are defined benefit plans, not defined contribution plans u2015 and their numbers, and assets, are rising. (Photo: Getty)

The number of cash balance retirement plans, and the amount of assets they hold, are both on the rise, boosting the percentage of the retirement plan market.

That’s according to the “2016 National Cash Balance Research Report” from retirement plan designer/administrator Kravitz Inc., which found that the number of such plans had risen 19 percent over the last decade to 15,178 in 2014, the most recent year for which complete IRS reporting data is available. In contrast, the 401(k) market grew by just 2 percent over the same period.

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