AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Loan & Distribution Specialist AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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What's Whipsaw? Why Is It a Problem? (PDF)
American Academy of Actuaries Mar. 13, 2003 February 2003 Issue Brief. Excerpt: Employees, who generally think cash balance plans are like a 401(k), typically believe they should get their account balance in cash, and generally, that is what they get. However, if the employer is generous and specifies an investment return greater than the 30-year Treasury rate, some people claim employees should get more than their account balance. They determine the amount using the complex whipsaw calculation. |
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