ATLANTA & LOS ANGELES--(BUSINESS WIRE)--Kravitz, a leading national provider of Cash Balance retirement plans, today announced the opening of a new regional headquarters in Atlanta to meet rising demand for Cash Balance plans throughout the South and Southeast.
“Kravitz already serves a large client base in the Southeast, with many large Cash Balance plan clients in Georgia, Florida and South Carolina. We’re seeing exponential growth across the region. We’ve had an Atlanta satellite office with a dedicated client consultant since 2007, but it was clearly time to expand to a regional headquarters with a local sales director focused exclusively on the Southeast,” noted company president Dan Kravitz. The number of new Cash Balance plans has been increasing more than 20% annually over the past five years, while the 401(k) market remains flat. In particular, cities with large medical hubs such as Atlanta, Birmingham and Raleigh-Durham are hot markets for Cash Balance plans.
Kravitz tapped Atlanta resident and retirement plan sales expert Shannon Hayes to lead the new office. “I’ve been passionate about bringing the huge advantages of Cash Balance plans to my clients for many years now, and have always been impressed with Kravitz’ leadership role,” Hayes noted. “This is a fantastic opportunity for me to focus on a critically important market sector, and I’m honored to join a team on the cutting edge of the field.”
Shannon Hayes brings more than a decade of retirement industry experience to Kravitz, including a stellar record of success at The Hartford, Edward Jones and Mass Mutual. Most recently, she doubled sales in the Atlanta region for a national TPA firm. She is proud to have helped many local financial advisors significantly expand their retirement plan businesses. “I really look forward to growing relationships with the Kravitz network of financial advisors, CPAs and partner TPA firms across the Southeast,” Shannon said. That powerful network includes more than 300 retirement professionals in the local area who have completed the Kravitz Cash Balance Coach™ Certification program.
Also known as “hybrid” plans, Cash Balance plans combine the high contribution limits of traditional defined benefit plans with the flexibility and portability of a 401(k). Business owners enjoy greater tax deferral while enhancing employee contributions, helping attract and retain top talent. “Many employers can double or triple their own pre-tax retirement savings while affordably enhancing benefits for their employees,” said Dan Kravitz.
The Kravitz Atlanta office is located at 201 17th Street, Suite 300, Atlanta, GA. Regional Sales Director Shannon Hayes can be reached via email at SHayes@Kravitzinc.com and 404-670-1172.
Since 1977, Kravitz has designed, managed and administered innovative corporate retirement plans. Today the company manages more than 1,200 plans with $4.5 billion in assets, helping over 150,000 Americans retire successfully. Kravitz designed its first Cash Balance Plan in 1989 and is recognized as the national leader in Cash Balance Plans. Visit www.CashBalanceDesign.com.