Unlike a defined benefit plan, the cash balance plan is maintained on an individual account basis, much like a defined contribution plan.

Name: Unlike a defined benefit plan, the cash balance plan is maintained on an individual account basis, much like a defined contribution plan.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A cash balance plan is maintained on an individual account basis, much like a defined contribution plan, which is different from a defined benefit plan.

Unlike a Defined Benefit Plan, the Cash Balance Plan Is