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Number of cash balance plans up 21 percent

Cash balance or hybrid retirement plans are becoming more popular as a tool to build larger employee retirement savings.

By Paula Aven Gladych | Updated on July 23, 2012

The number of cash balance retirement plans has increased 21 percent in the past year, almost double the previous year’s 11 percent growth rate.

Cash balance plans, which also are known as hybrids, combine the high contribution limits of traditional defined benefit plans with the flexibility and portability of a 401(k) plan, according to Kravitz’s “2012 National Cash Balance Research Report.”

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