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Defined Benefit Plans are Making a Comeback – Here’s Why

…pension plans can finance new benefits at a lower cost. Defined Benefit vs. Defined Contribution Plans Providing the same level of benefits under both Defined Contribution (DC) plans and DB plans is less costly under DB plans, as excess investment returns offset employer costs. DC…

How Does A Cash Balance Plan Work?

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…

Why Would I Include Life Insurance In My Qualified Retirement 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…

Navigating the New Defined Benefit Pension Plan Landscape

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…

DB Plans are Alive and Well

…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…