Cash balance plans are becoming increasingly popular with small businesses as well as Fortune 500 companies, says Dan Kravitz, president and CEO of Kravitz, Inc., an independent firm of retirement consultants headquartered in Southern California.
The “2011 National Cash Balance Research Report,” released recently by Kravitz, notes a 20% average annual increase in new cash balance plans since 2001, compared with a 3% average annual growth rate for 401(k) plans.
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