Kravitz Issues Analysis Regarding New Rules for Cash Balance Retirement Plans
Posted on: Wednesday, 13 February 2008, 15:00 CST
Kravitz, the nation's leading expert in the design, implementation and management of Cash Balance Pension Plans, is offering an information release providing analysis of the IRS' Proposed Regulations for Cash Balance Retirement Plans.
On December 28, 2007, the Internal Revenue Service (IRS) issued proposed regulations concerning Cash Balance (Hybrid) Retirement Plans. This information release will summarize how the IRS defines the "market rate of return."
"At Kravitz, we are continuing to analyze the effects that the new law will have on Cash Balance Retirement Plans and will be issuing a second information release regarding the proposed regulations in the near future;" stated Dan Kravitz, President of Kravitz.
The information release from Kravitz can be viewed at www.lkravitz.com/pubsarticles/documents/CashBalanceRegsPart1Feb08.pdf. Adobe Reader is required to view the PDF file.
For the past 10 years, Kravitz has geared its consulting business around managing Cash Balance Pension Plans. Kravitz works hand in hand with retirement plan advisors and third party administrators across the country to manage the challenges of these highly sophisticated plans.
For more information on Cash Balance Retirement Plans please contact Dan Kravitz at Kravitz at 818-379-6162 or visit www.cashbalancedesign.com.
About Kravitz:
Since its founding in 1977, Kravitz has brought its clients the latest in design, administration, and management of corporate retirement plans. Kravitz is the largest independent firm of its kind in California with over 75 employees, including 10 actuaries and 25 other highly trained and credentialed professionals. Recently, Kravitz has become nationally known and recognized as a pioneer and leader in Cash Balance Plan design. For more information, please go to www.cashbalancedesign.com.
Source: Business Wire
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