Cash balance plans are the fastest growing sector of the retirement plan market, with a 20 percent average annual increase in new plans since 2001.
The findings, reported Tuesday, are from Kravitz, an independent retirement plan administrator based in California.
The firm says the annual growth of cash balance plans significantly outpaced the 3 percent average annual growth rate in 401(k) plans.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
