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Cash Balance Firm Expands

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Louis Kravitz & Associates Inc. has opened 6 satellite offices.

Kravitz, Encino, Calif., has set up the offices in Ann Arbor, Mich.; Atlanta; Charleston, S.C.; Las Vegas; Salt Lake City; and Washington.

Kravitz sells “cash balance” pension plans, or plans that use a “year by year” funding formula, rather than a formula that assumes employees will spend most of their careers at a single employer.

Recent court cases and changes in laws and regulations have increased the plans’ appeal.


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