DiscoverCritical PointCash balance plans: Why small businesses and professional services firms are adding this retirement benefit.
Cash balance plans: Why small businesses and professional services firms are adding this retirement benefit.

Cash balance plans: Why small businesses and professional services firms are adding this retirement benefit.

Update: 2025-06-30
Share

Description

While the number of traditional pensions has been shrinking for decades, one type of defined benefit (DB) plan is expanding: the cash balance plan. Combining features of DB and 401(k) plans, cash balance plans are particularly well-suited to helping small-business owners and highly paid professionals such as doctors and lawyers save for retirement. On this episode of Critical Point, three Milliman employee benefits experts explain why the number of cash balance plans has recently swelled to 25,000, how plans can be tailored to fit organizations of all sizes, and why this hybrid plan style may help address the looming retirement crisis. 

Comments 
In Channel
loading
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Cash balance plans: Why small businesses and professional services firms are adding this retirement benefit.

Cash balance plans: Why small businesses and professional services firms are adding this retirement benefit.

Milliman, Inc.