Cash Balance
...this service evaluates the benefits payable from a Cash Balance Plan.

Tell us in which Cash Balance Plan you participate?

  • Cash Balance Plans are defined benefit plans, subject to the same federal rules. 
  • Seemingly simpler, Cash Balance Plans are more complex than traditional pension plans. What is a Pension Equity Plan?
  • Conversions from traditional plans to Cash Balance Plans require... Cash Balance Plan
    • actuarial calculations,
    • that certain benefits be preserved, and
    • that many other laws and regulations (which may not be specifically identified in the plan provisions) be followed.
  • Cash Balance Plans must offer an annuity option, in particular, the Qualified Joint and Survivor Annuity (QJSA).
  • The lump sum payout may be more than the (hypothetical) account balance.

This service evaluates the calculation of benefits payable from a Cash Balance Plan.   Although Cash Balance Plans were intended to enhance the participant's appreciation and understanding of the plan, they are more complex than traditional pension plans, because they are subject to the same federal laws as traditional plans.  Many Cash Balance Plans require actuarial calculations to determine the lump sum, because the payout may be more than the (hypothetical) account balance indicates.  Contact us now!

You will receive consultation and a Pension Benefit Evaluation Report which will detail the results of the Actuary's review. 

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