The best replacement for cash balance plan is defined benefit.

The best alternatives to cash balance plan are rated as following:
★★★★★  defined benefit
★★★★  defined contribution
★★★★  defined benefit plan
★★★  money purchase plan
★  pension

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Speaking about cash balance plan, one probably shouldn't forget about 401k.

Other search terms related to cash balance plan and their ratings are:
★★★★★ 401k
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defined contribution