TITLE

Catch Up on Your Retirement Plan Funds With a Cash- Balance Plan

AUTHOR(S)
Kravitz, Dan; Lynch, Ed
PUB. DATE
November 2009
SOURCE
Sum News;Fall ll 2009, Vol. 20 Issue 6, p26
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the concept and advantage of cash-balance plan for retirement plan in Massachusetts. It notes that the plan was introduced by BankAmerica Corp. in 1984 to address transformation in the company's workforce. It highlights the concept of 401(k) and profit-sharing plans and states the outcome for combining the three plans. It explains the nature and characteristics of the plan and describes the qualified participants.
ACCESSION #
49049031

 

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