"Cash Balance plans designed to maximize benefits for older, higher-paid participants combined with Defined Contribution plans that provide enough in contributions to the staff so that the plans can pass arcane nondiscrimination tests have become popular ... The problem is that IRC 401(a)(26) requires Defined Benefit plans (which Cash Balance plans are) to cover a minimum number of eligible participants so some rank-and-file employees may need to be in the Cash Balance plan AND get a ‘meaningful benefit’.... [W]ho now gets to decide what words like ‘reasonable’, ‘fair’, and ‘meaningful’ written in a law really mean now that the Chevron’s default preference for regulators has been overturned?"  MORE >>