How to design and implement a cash balance plan
A cash balance plan is a defined benefit plan which contains a defined contribution-like accrual for some or all of the participants in the plan. Participants covered by the cash balance feature of the plan earn pay credits and interest credits which accumulate in a "hypothetical" cash balance account. When the participant leaves employment, they are entitled to the accumulation of their cash balance account, or any number of equivalent annuity options. To the participant, it looks and feels like a defined contribution plan.
Navigating risks in the lending landscape
Navigating the lending landscape is challenging. This list only scratches the surface of how complex the lending landscape has become in recent years. Regulatory compliance, expansion into commercial lending, and vendor due diligence are also important considerations for a successful lending program. Start by identifying who you are as an organization and capitalize on your strategic advantages. But, don’t forget about those five “Cs” of credit.