Request Your Free White Paper Now:

"Why are cash balance plans used to supplement 401(k) plans for higher-paid employees?"

Cash balance plans are powerful tools for addressing the retirement gaps faced by higher-paid employees. They can be adopted to attract top talent and promote long-term financial security at your law firm. Download this white paper to learn more.

Many high earners, such as lawyers, enter the workforce later or may retire earlier, reducing their accumulation period and placing them in a precarious position regarding retirement savings plans. 

This white paper examines the challenges that higher-paid employees and employers face in offering a retirement plan that is both sustainable and meets the needs of all parties. It includes illustrative examples such as: 

• Annual savings potential table
• High vs. low earner figures
• How a cash balance grows from one year to the next 
• Advantages for employees
• Benefits for employers

Download the white paper and learn why 401(k)-only retirement programs may not be enough for high-paid employees in your law firm. 

Offered Free by: Milliman
See All Resources from: Milliman