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Volume III | Chapter 5 5206

MISSISSIPPI [ RESOURCES: RESOURCES TO BE EXCLUDED ] Revised 10-01-094-01-20 - -

Cash Balance Plan Employer-based hybrid plan that combines features of defined-benefit and defined-contribution plans. Each employee is allocated a hypothetical account, but account balances accrue at a specified rate, rather than depending on investment performance. Section 401(a) IRS Code