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Get to know the Defined Benefit Plan
Ask us anything, these plans are powerful tools for businesses. They provide many benefits to employees and employers.
Why Your Employees May be Better off with a Cash…
Behind every successful business you will find key people that help drive its success. Every smart business owner knows that without the team, there…
Is My Business Right for a Cash Balance Plan?
A cash balance plan is a type of defined benefit plan. Similar to traditional defined benefit plans, cash balance plans have high contribution limits (possibly…
How do Cash Balance Plans Differ from Traditional Pension Plans?
There are two general types of pension plans — defined benefit plans and defined contribution plans. A cash balance plan is a defined benefit…
What is the Pension Benefit Guaranty Corporation (PBGC)?
Pension Benefit Guaranty Corporation, or PBGC, insures defined benefit plans offered by private-sector employers. The PBGC only covers certain employer’s who established defined benefit…
What is ERISA?
The Employee Retirement Income Security Act of 1974, or ERISA, protects the assets of millions of Americans so that funds placed in retirement plans…
What Is a Cash Balance/401(k) Combo Plan
For those business owners who are seeking to make annual plan contributions in excess of the 401(k) limitations, the cash balance/401(k) combo plan is…
What is a Cash Balance Plan?
A cash balance plan is a defined benefit plan that defines the benefit in terms that are more characteristic of a defined contribution plan. In…
Advantages of a Defined Benefit Plan
Defined benefit pension plans provide a fixed, pre-established benefit for employees at retirement. Employers can contribute (and deduct) more than under other retirement plans.…
Why Do I Need an Actuary for My Defined Benefit…
According to the IRS, actuaries assess the financial consequences of risks and use mathematics, statistics and financial theory to analyze and determine the financial…
The Power of the Cash Balance/401(k) Combo Plan
In a cash balance plan, the rules do not limit the annual contribution amount but instead limit the ultimate benefit payable from the plan.…
Calculating Defined Benefit Plan Benefits
Contributions to a defined benefit plan are based on what is needed to provide definitely determinable benefits to plan participants. Actuarial assumptions and computations…
What is a Defined Benefit Plan?
A defined benefit plan, funded by the employer, promises you a specific monthly benefit at retirement. For example, your pension benefit might be equal…
