The Advantages and Disadvantages of Cash Balance Plans and Nonqualified Deferred Compensation Plans
Thursday, March 19, 2026 | 4:30 - 7:30 pm | Chicago Fire Pizza in Folsom
THE TOPIC
Come learn:
-The purposes, advantages and disadvantages of Cash Balance Plans
-The purposes, advantages and disadvantages of Nonqualified Deferred Compensation Plans
- When are either plan appropriate for sponsors
-Through case studies, when is one plan better than the other
THE SPEAKERS
Larry Hansen is a Financial Advisor, and Founder of Capital Planning Advisors. He is passionate about serving the multi-faceted family, business and legacy financial needs of families and closely held businesses and is often a speaker and facilitator at Family Council Meetings, Family Business industry gatherings and seminars for professionals. His areas of expertise include working with businesses and their owners in the areas of multi-generational financial planning, business and succession planning, pre-merger & acquisition financial planning, ESOPs, family wealth management, insurance, qualified retirement plan design and management, and non-qualified incentive benefit plans for key-employees.
In addition to founding Capital Planning Advisors in 2006, Larry has been advising clients since 1991 with past affiliations including Northwestern Mutual Financial Network and The Todd Organization as an executive benefit consultant to mid-sized to fortune-sized companies. Larry graduated with a Bachelor of Science degree in Business Administration from Biola University, holds the Series 66 (Fiduciary Investment Advisor) securities license as well as Life and Disability Insurance Licensing and is Long-Term Care Insurance Certified.
When he’s not advising clients, Larry enjoys spending time with his family, hiking or kayaking with his wife, tinkering with his cars and motorcycles, and leading worship on the guitar at church.
Scott E. Galbreath leads the Equity and Executive Compensation Practice Team at Trucker Huss. He has more than 30 years of experience representing employers in ERISA, employee benefits, and executive compensation matters. Scott’s extensive experience includes working with clients on all types of nonqualified deferred compensation plans, supplemental executive retirement plans, 457(b) and 457(f) plans for executives of tax-exempt organizations, equity and synthetic equity plans, such as restricted stock and phantom stock or stock appreciation rights, golden parachutes, and change-in-control and severance arrangements. He also assists clients with Internal Revenue Code section 83(b) and 409A compliance and correcting qualified plan compliance errors under IRS and Department of Labor remedial programs.
After practicing for 20 years in Chicago, where he was recognized as an Illinois Leading Lawyer and chaired the Chicago Bar Association’s Executive Compensation Subcommittee, Scott moved to California, where he has served as Chair of the Sacramento County Bar Association’s Tax Section, as well as President of the Sacramento Chapter of the Western Pension & Benefits Council. He continues to serve on the Board of the Sacramento Chapter of the WP&BC. He has also served as a member of the Executive Committee of the Governing Board of the Western Pension & Benefits Council and as a board member of the Sacramento Chapter of the National Institute of Pension Administrators (NIPA). He served as President of the Sacramento Chapter of NIPA and instituted its merger into the Sacramento Chapter of Western Pension & Benefits Council. For the past three years, Scott has served on the planning committee for the Western Benefits Conference. Scott is a Fellow of the highly selective American College of Employee Benefits Counsel, and serves on that organization’s Student Writing Competition Committee.
He is a frequent writer and speaker on new developments in employee benefits. He recently spoke on self-correction of eligible inadvertent failures at the 2025 NIPA Annual Forum and Expo (NAFE). Scott’s article, “What Is A top Hat Group Depends On Jurisdiction—Plans Should Use A Forum Selection Clause To Avoid Confusion” was published in the Summer 2025 edition of the Journal of Deferred Compensation. He is the author of The Benefit of Benefits blog, which is an online resource for information and commentary on new legislative, regulatory, and industry developments in employee benefits and executive compensation. Scott was named a Top Lawyer for Employee Benefits (2015-2017 and 2020-2022) and a Top Lawyer for Tax (2021) in the lists published by Sacramento Magazine. He was also named a Super Lawyer in Northern California Super Lawyers 2021-2024 for excellence in employee benefits law. Scott was recognized as a 2024 Best Lawyers in America for Employee Benefits (ERISA) Law.
Scott is also recognized by Martindale-Hubbell as an AV Preeminent Peer Review Rated lawyer. Scott is a contributing author to the book “The Business Owners Guide to Tax Freedom” having written Chapter 10: “Using Deferred Compensation and Equity Compensation in Succession Planning”.