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| Benefits & Administration |
| More Retirement Plan Sponsors Turning to Cash Balance Plans |
| Cash balance plans experienced growth, with a 17% increase in the number of new plans compared with a 3% increase in new 401(k) plans, according to research by Kravitz. “Cash balance plans offer considerable advantages for employers, including the opportunity to double or triple tax-deferred retirement savings,” says Dan Kravitz, head of Kravitz.Read more > |
| Equity Returns Gave Pension Funding a Boost in July |
| Providers that track pension funding status report that funding status got a boost in July due mostly to equity market returns. The funded status of defined benefit (DB) plans is also up for the year. However, some note that interest rates could affect funding levels for the rest of this year.Read more > |
