Who Still Opens Defined Benefit and Cash Balance Plans?

21st Mar 2018

Who Still Opens Defined Benefit Plans?

While the popularity of large Defined Benefit (DB) plans has waned since the 401(k) was introduced in the mid 1980s, DB plans continue to meet the special needs of some of your best clients: high income earners with self-employment income or small businesses. You’ve probably been hearing more about “Cash Balance” plans in the past 5 years — they count too as one type of Defined Benefit plan.

We have analyzed the DB and Cash Balance (CB) plans we opened in 2017 working with Advisors, CPAs and through direct sales to clients and were amazed by what we found.

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