Mintz's Employee Benefits & Executive Compensation Practice Chair Alden Bianchi authored an article published in the Spring 2022 edition of the Journal of Pension Benefits covering cash balance plans. The article summarized, "The problem, of course, is that the cash balance plan design endeavors to fit the proverbial square peg (here a defined benefit pension plan) into the proverbial round hole (here, a defined contribution retirement plan)... While these plans have the look and feel of individual account plans, they have all of the baggage of a traditional defined benefit retirement plan...The quirkiness of the cash balance plan design is particularly pronounced in the case of participants who work past their normal retirement age."

Source

Journal of Pension Benefits

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