Apr 5, 2020 | Legislation
We are all being impacted by the COVID-19 pandemic in one way or another, but many are already feeling the financial burdens associated with it. The CARES Act (Coronavirus Aid, Relief and Economic Security Act), signed into law on March 27, 2020, includes several...
Jul 29, 2013 | Cash Balance Plans, defined benefit plans
As explained in our previous post (#3 in this series), cash balance plans are often easier for business owners (your clients) to understand and offer more flexibility than many other types of retirement plans. And in our second post we clarified how cash balance plans...
Aug 17, 2012 | 401k Plans, 403b Plans, QDIA (Qualifed Default Investment Alternative)
As noted in our last blog post, for many years retirement plan sponsors have faced a dilemma: How should they invest contributions from employees who won’t affirmatively choose at least one investment vehicle for their contributions? More to the point: how to do...
Jul 24, 2012 | Cash Balance Plans
Cash Balance Plans (CBPs) have seen strong growth in the past 10 to 15 years: In 2010 there were 7,064 CBPs active in the United States. That’s an increase of 810% over the 1,337 counted in 2001. However, some companies have hesitated to offer these hybrid...
