A cash balance plan is a hybrid plan in the sense that the plan combines features of both defined contribution and defined benefit plans. Similar to most defined benefit plans, there are no participant contributions. The employer determines benefit levels and bears responsibility for providing…
Part of our training series for financial advisors, this webinar will provide information on life insurance in a defined benefit plans and the advantages for closely held businesses.
Part of our training series for financial advisors, this webinar will discuss defined benefit plans and how they can be an effective tool, especially for closely held businesses
“Most plan sponsors that “hard freeze” their defined benefit plan do so to mitigate the unpredictable and, at many times, the high cost of the plan. Whether this is a temporary measure or a permanent one, plan sponsors must continue to administer and fund these…
…tax deduction as well – is a cash balance plan. A cash balance plan is a defined benefit (or pension) plan with a hybrid structure that combines features of both defined contribution and traditional defined benefit pension plans. As with a traditional defined benefit plan,…
…insurance is included in defined benefit plans all participants must be provided with the insurance. The addition of life insurance in a defined benefit plan will increase the plan contribution by an actuarially determined amount. This is good news for some employers who are seeking…
…amount of salary in excess of the Covered Compensation Level. TARGET SERVICE 25, 30 or 35 years SERVICE PRORATE A factor used if an employee will not have met the target HOW DO ANCILLARY FEATURES AFFECT DEFINED BENEFIT PLAN COSTS? A defined benefit plan’s ancillary…
Whether you are looking to restructure benefits, improve investment performance or reduce costs, the landscape for defined benefit pension plans is changing. Banks not only need a pension solution for today, but a roadmap for the next 5 to 10 years and beyond. There are…
…consultants and a key tool to have in your arsenal. With a Defined Contribution plan, it’s the employees who make many of the contributions and take on the investment risk. Their retirement benefit is their accumulated balance. With a Defined Benefit plan, the employer makes…
…highway transportation funding. Not that we are against fixing the nation’s transportation infrastructure – but doing so at the cost of properly funding defined benefit pension plans is untenable. Not only that, but it runs counter to Congress’s intentions in the first place. When it…
“Our PENTalk provides an overview of the Pentegra Defined Benefit Plan for Financial Institutions. Included in the PENTalk will be a synopsis of the valuation process and the information that is provided in the Executive Summary that you receive annually. Other items of discussion will…
Our PENTalk provides an overview of the Pentegra Defined Benefit Plan for Financial Institutions Pension Valuation Process and Results. Included in the PENTalk will be a discussion of: The Multiple Employer Plan Structure Principal Fiduciary Roles and Responsibilities Results for the Plan Year 7/1/2022 –…