Traditional pension plans are falling out of favor. Companies that still offer pension plans are finding it increasingly difficult to fund employee pensions with set dollar amounts, and as a result, they are moving away from the traditional pension structure and turning to a new type of plan: Cash Balance Pension plans (CBPs). Cash balance plans offer a number of unique benefits, but it can be difficult to understand the unique complexities of CBPs. Telemus is here to help.
Telemus Senior Financial Life Advisor Bob Stone recently hosted a webinar on Cash Balance Pension plans with Brian Raymond, AIF®, CMFC®, CPFA®, CHSA®, Vice President of Business Development at Sentinel Benefits & Financial Group. Bob and Brian discussed the key things to know about Cash Balance Pension plans, including:
ABOUT THE PRESENTER —Bob Stone
Bob Stone is a Senior Financial Life Advisor and one of the original founding Partners at Telemus. Bob works with Telemus members to help them develop financial goals and investment strategies for the near to long term. Bob has more than 28 years of investment and financial industry experience and has helped members weather a wide variety of market situations across all stages of life. Bob is a graduate of the University of Michigan. He currently sits on the Board of Directors of the Karmanos Cancer Institute in Detroit, Michigan and on the Board of Directors at the University of Michigan Hillel.
ABOUT THE PRESENTER —Brian Raymond, AIF®, CMFC®, CPFA®, CHSA®
Brian Raymond, AIF®, CMFC®, CPFA®, CHSA® joined Sentinel Benefits & Financial Group in 2020 as Vice President of Business Development. Brian works closely with institutions and advisors offering consultation and design services. He is committed to building long-term relationships with his network and consistently bringing value and knowledge to the conversation. Brian brings over fifteen years of experience, providing a wide variety of institutional expertise to his relationships.
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