Dan Kravitz Discusses the Growth of Cash Balance Plans

Dan Kravitz, head of Kravitz, Inc.,​ discussed the grow​​th of Cash Balance plans in an article ​published by Employee Benefit News. ​Kravitz ​​​noted that cash balance plans grew by 17% in 2015. ​“The investment risk is borne by the employer but they are not subject to 401(k) limits,” he adds. “So owners, particularly older owners, can contribute a lot more to a cash balance plan than they can contribute to a 401(k) profit-sharing plan.”​​