Cash balance plans a bright spot in dreary defined benefit landscape

Description

Abstract: Cash balance plans — a hybrid defined benefit pension design — had been on a plateau until just a few years ago. In 2008, cash balance plans represented only 10% of the overall defined benefit universe, according to Retirement Research, Inc. Today, their market share has doubled, to around 20%. This article discusses why there’s been this increase in growth and provides a refresher on cash balance plans.