Cash balance plans multiplying -- so are sponsor contributions
The plans, also known as hybrids, combine high contributions of defined benefit plans with 401(k) flexibility.
California and New York have the most such plans overall, accounting for 25 percent of all new plans, and are followed by Texas, Ohio and Florida. (Photo: Shutterstock)
Cash balance plans are on the rise, according to the new
2018 National Cash Balance Research Report from Kravitz, Inc. So are plan sponsor contributions.
The number of new plans has risen by 15 percent, and employer contributions have risen even more—by 30 percent—as legislation favoring such plans helped them along.
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