What Is A Cash Balance Retirement Plan?

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    David RacichPRO
    Fountain Hills, Arizona
    The Pension Protection Act of 2006 describes it as a hybrid plan that has both defined benefit and defined contribution features. Defined benefit features a plan document that states the determined future benefit. Any short fall is made up by the employer. Defined contribution can favor business owners and key executives.
      
    Answered on June 27, 2013
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