Kravitz will maintain its focus on cash balance plans
, which help more than 125,000 Americans retire with innovative, tax-efficient retirement plans.
Studies are still out on whether they will work in the long run," Huffman said Monday of cash balance plans
Fully a quarter of large employers have open plans, and nearly all of them are hybrid plans or cash balance plans
Based near Milwaukee in Wauwatosa, Wisconsin, Evolution Retirement Services helps companies design and administer retirement plans including profit-sharing plans, 401(k) plans, money purchase pensions and cash balance plans
Merrill Lynch recommends cash balance plans
to the professional services retirement plans it advises, Barrett says.
Cash Balance Plans
Supersize Small Business Retirement Savings
Her speciality is 401(K) profit sharing, employee stock ownership, and defined benefit cash balance plans
Clark has conducted research examining retirement decisions, the choice between defined benefit and defined contribution plans, the impact of pension conversions to defined contribution and cash balance plans
, and government regulation of pensions.
As the costs and risks of providing traditional defined-benefit pension plans have increased over time, some plan sponsors have looked to alternative forms of benefit provision, with cash balance plans
emerging as an increasingly attractive option.
Cash balance plans
offer owner-employees in professional practices a vehicle to defer tax on income well in excess of the annual contribution limits of traditional Sec.
An alternative to termination began in the mid 1980s with the introduction of cash balance plans
by the Bank of America.
The popularity of cash balance plans
has soared since 2001, with double-digit annual growth each year of the decade and a total increase of almost 500 percent in 10 years," the report states.