This chart compares these two plan types.
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A description of the 401(k) safe harbor rules, as well as, the advantages and disadvantages of this plan design option.
Cash balance plans offer high contribution limits and flexibility.
Sherry F. recently earned her Qualified 401(k) Administrator (QKA) designation from the American Society of Pension Professionals and Actuaries (ASPPA).
Teresa B. recently earned her Qualified 401(k) Administrator (QKA) designation from the American Society of Pension Professionals and Actuaries (ASPPA).