Cash balance plans tend to favor more mobile younger workers.

Name: Cash balance plans tend to favor more mobile younger workers.
Brand: Quizplus
Rating: 4.7 (52 reviews)

Question

Quizplus · Accepted Answer

Cash balance plans provide a greater benefit for younger employees who have more years to accrue interest on their cash balance accounts and are more likely to change jobs and cash out their benefits. Older workers may prefer traditional defined benefit plans which offer larger benefits for their years of service with one employer.

Cash Balance Plans Tend to Favor More Mobile Younger Workers