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Form CRS Disclosures

Cash Balance Pension Plan

September 2, 2024

A cash balance pension plan is a type of retirement savings account that combines features of a traditional pension plan and a 401(k) plan. It allows employees to accumulate retirement savings in a tax-advantaged account, with contributions made by both the employer and the employee. The account balance grows over time based on a set interest rate or investment return, and employees can typically choose how their account is invested.


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