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"Cash Balance Plans: Why Law Firms Are Adding This Retirement Benefit"

Tune into this on-demand podcast to learn why cash balance plans are gaining traction with law firms of all sizes. Discover how this retirement strategy supports high earners, shortens catch-up timelines, and provides a flexible path to long-term savings.

Cash balance plans are on the rise—especially among law firms looking for smarter retirement strategies. This on-demand podcast breaks down why these hybrid plans are gaining momentum, how they work, and what makes them such a powerful tool for high earners and firm owners nearing retirement.

Blending features of defined benefit and 401(k) plans, cash balance plans are easier to understand and communicate, yet allow for much higher tax-deferred contributions—sometimes exceeding $300,000 annually. They're especially appealing due to shorter savings windows,  flexibility, customization, and the ability to pair with existing 401(k) structures.

Listen to learn:

• How plan sponsors can use cash balance plans to help high earners save more in less time
• The appeal of combining DB-style benefits with a 401(k)-like structure
• Why these plans are particularly well-suited to late-career professionals in law
• How plan design flexibility supports varying compensation levels, ownership structures, and staffing needs
• What to consider when choosing between fixed or market-based interest crediting options

Whether you're looking to improve retirement offerings, reduce tax liability, or strengthen employee retention, this podcast will help you assess if a cash balance plan is right for your firm.

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