Viewpoints about Defined benefit plan
What’s in SECURE 2.0 for defined benefit plans?
Despite the popularity of defined contribution (DC) plans, many employers, especially government agencies, still offer defined benefit (DB) plans. Learn about the DB provisions Congress included in SECURE 2.0.Read more
Four key features of a defined benefit pension plan
Pension plans provide a predictable amount of retirement income, often for life, making them a highly regarded employee benefit. Here's more about how they work.Read more
What's the difference between Social Security and a pension?
When you retire, the money you live on may come from different sources: Social Security, your 401(k) plan, IRAs, and an employer pension plan. Pension plans and Social Security benefits can pay you a steady income like your paycheck did when you worked, but that’s where the similarity generally ends.Read more
IRS contribution limits for 2023—helping you save more in your 401(k)
These days, inflation is probably a consideration when trying to anticipate your income needs in retirement. Fortunately, you’ll be able to save more in your retirement accounts in 2023 than ever before, helping you meet your retirement savings goals.Read more
What to know when your defined benefit pension plan terminates
Defined benefit (DB) pension plans date back to the United States Revolutionary War and continued to grow in popularity into the 1980s. Since then, more companies are cutting DB plans. Know your options for handling your benefit if your employer decides to terminate yours.Read more
What’s a cash balance plan, and is it right for my business?
Pairing your 401(k) with a cash balance plan can help your executives and key employees maximize their retirement savings. Learn how cash balance pension plans work and factors to consider to help you decide if this approach may be right for your business.Read more
What's a defined benefit plan?
Find out about the advantages and responsibilities associated with sponsoring a defined benefit pension plan.Read more
The CARES Act and defined benefit plans: two kinds of relief
The CARES Act addresses the cash liquidity concerns of defined benefit plan sponsors by temporarily loosening funding rules. Here’s a look at the two specific pension provisions.Read more