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.