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Ten Reasons to Consider a Cash Balance Plan before December 31
Cash Balance plan (CB) is a type of a defined benefit plan; its popularity soared over the last decade largely due to the fact that they made something inherently very complex look incredibly simple and understandable (281 more words
In the last decade, cash balance plans have experienced increased popularity among small to mid-size professional corporations and closely-held businesses. Their growth significantly outpaced the number of new 401(k) plans in the last five years, and they now account for 25% of all defined benefit plans in the nation. 984 more words
Mumbai, Jan. 9: As against the average daily cash reserve requirement of Rs. 337, 307 crore for the fortnight ending today that is January 9, the cash balance with Reserve Bank of India on January 3 was Rs. 121 more words
Traditional DB Plans promise Accrued Benefits. Cash Balance Plans promise lump-sum amounts. Which promise is easily understood by both owners and employees?
There is no Non-discrimination testing for owner only plans. 352 more words