man with dollar signs in eyesCalifornia and New York have the most such plans overall,accounting for 25 percent of all new plans, and are followed byTexas, Ohio and Florida. (Photo: Shutterstock)

Cash balance plans are on the rise, according to thenew 2018 National Cash Balance Research Report fromKravitz, Inc. So are plan sponsor contributions.

The number of new plans has risen by 15 percent, and employercontributions have risen even more—by 30 percent—as legislationfavoring such plans helped them along.

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.

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.