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Experts explained the advantages of cash balance DB plans and variable plans that offer a set payday without losing the advantages of market growth. ....
Could There Be a Renewed Interest in DB Plans? There are plan designs that decrease the risk and volatility for plan sponsors, and defined benefit plans offer the guaranteed lifetime income participants desire. Reported by Art by Camilla Zaza Over the years, the retirement plan industry has introduced new features for defined contribution (DC) plans to mimic the advantages participants received from defined benefit (DB) plans. It seems that although DB plan sponsors have been eliminating or offloading their obligations, the industry has recognized the benefits of a plan design in which employees automatically participate and receive guaranteed payments for life. ....