Employers have boosted their contributions by 30%, a Kravitz report finds.
Tag: cash balance plan
October Three analyzes five different interest crediting rates used by cash balance plans and how they affect funding and participant benefits.
“What actually is a strategic plan termination?” This is a question Dan Kravitz hears quite a lot from both defined benefit plan sponsors and retirement specialist advisers.
The appellate court found Bank of America did not profit from transferring participants' 401(k) accounts to a cash balance plans and noted that previously the bank entered into a closing agreement with the IRS, paying a $10 million fine and setting up a special-purpose 401(k) plan to restore participants’ accounts.