Cash Balance Plan Answer Book

Cash Balance Plan Answer Book is the only resource that provides reliable answers to over 500 cash balance plan questions. Logically organized in the popular Q&A format, the Cash Balance Plan Answer Book is a user-friendly guide that explains the fundamentals of cash balance plans and how and when to use them. This unique resource provides support as you consider - and implement - cash balance plans.

Cash Balance Plan Answer Book enables you to:

• Determine whether cash balance plans are right for your company or your clients
• Explain exactly how cash balance plans work
• Clarify how cash balance plans can be used with traditional retirement plans or 401(k) plans for the benefit of both the plan sponsor and participants
• Advise clients and executives on the pros and cons of cash balance plans
• Guide your company or clients through the effective implementation of cash balance plans
• Answer any cash balance plan question that comes up along the way

Here is just a sampling of the over-500 key questions that are answered in this one-of-a-kind resource:

• How prevalent are cash balance plans?
• Are there advantages of a cash balance plan over a defined contribution plan?
• What types of business considerations would cause an employer to prefer a cash balance plan over a traditional defined benefit pension plan?
• How have traditional plans been converted to cash balance plans?
• What rules does the PPA create for cash balance plans?
• How does the PPA change the age discrimination rules for cash balance plans?
• How are qualified domestic relations orders (QDROs) administered under a cash balance plan?
• What special considerations apply to cash balance plans for accrual rule purposes?
• Are there special considerations when terminating a cash balance plan?
• What special issues may apply to plans converted to cash balance before the PPA?

You'll also receive:

• Planning tips - to get you on the right track from the start
• Examples - to clarify complex issues
• Cautions - to help you avoid pitfalls
• Explanations of the law - to make sure you understand all the rules and regulations

Cash Balance Plan Answer Book has been updated to include coverage of the following significant changes affecting cash balance and other hybrid defined benefit plans:

• Recent court rulings on age discrimination, which overwhelmingly hold that cash balance plan design is not inherently age discriminatory Updates on whipsaw requirements and concerns
• Clarification of vesting rules for hybrid plans under the Worker, Retiree and Employer Recovery Act of 2008
• Changes to 415 limits under the Worker, Retiree and Employer Recovery Act of 2008
• Changes needed or expected to proposed hybrid plan regulations due to the Worker, Retiree and Employer Recovery Act of 2008 Nonspouse beneficiary rollovers required for plan years beginning after 2009 and requirements for withholding and notice modified under the Worker, Retiree and Employer Recovery Act of 2008
• Information on good faith compliance with the annual funding notice requirements as provided by DOL Field Bulletin 2009-01