Importance of Actuaries in a Cash Balance Retirement Plan

In this presentation I will provide you with refresher on cash balance plans and discuss the plan design decisions that owners of a company take when the organization implements a cash balance retirement plan.  I will then describe how an actuary works with a cash balance plan to ensure that the pay credit, interest credit and any age-weighted credits are taken into consideration when initially designing the Plan and then annually to determine the required employer funding contribution amount.  Finally, I will discuss the importance of an actuary preparing the annual projected funding guidelines to the organization to ensure the cash balance plan is properly funded. Learn more: https://www.cummings.law/cb/