Are You Cashing In on Cash Balance?

Recent reports indicate a surge in adoption of cash balance plans in recent years, particularly among smaller employers.  This week, we’d like to know what you’re seeing – and doing.

The number of new cash balance plans adopted by employers increased by 17% in 2015 — rising to 17,812 active plans — according to Kravitz’s “2017 National Cash Balance Research Report http://www.napa-net.org/news/managing-a-practice/industry-trends-and-research/cash-balance-plans-continue-solid-growth-report-finds/ .”  Kravitz also claims that cash balance plans now make up 34% of all defined benefit plans, up from just 2.9% in 2001, and that total plan assets have risen to $1.1 trillion.

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1. Do any of your current plan sponsor clients offer a cash balance plan?

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2. What's your feeling about cash balance plans as a plan option?

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3. Have you seen an uptick in interest/takeup over the past 2 years?

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4. Do you "pitch" cash balance plans as a plan design alternative to your clients and prospects? 

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5. If you only pitch/discuss cash balance plan in certain situations, which one(s)?

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6. Any other comments about cash balance plans, offering cash balance plans, partnering with others to offer cash balance plans, or life in general?

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7. What is your role working with retirement plans?

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8. What size plans do you PRIMARILY work with?

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9. Suggestions for future survey questions?

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10. All responses are anonymous and confidential, of course - but if you'd like me to know who you are, or allow for a response, you can leave your email below...

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