What Are the Features of a Defined Benefit Plan? A defined benefit plan guarantees retirement benefits for an employee. Some of the features include: Employer sponsored: The employer funds and manages ...

Ask successful small-business owners if they are happy with their annual IRS tax bills and most will moan and groan. That was the case with Bob Johnson, founder and CEO of Johnson Insurance & ...

This column has been modified to correct the amount of the required contribution for Janet's DB plan. Minimizing taxes isn’t always the best idea. Rich found this out the hard way. You may have heard ...

Most SECURE 2.0 articles focus on the changes applicable to defined contribution plans, such as 401(k) plans, and rightly so, since those plans were the most impacted by the law. However, SECURE 2.0 ...

Sometimes fate intervenes to give people what they deserve. I believe that after having their retirement security taken from them, Americans deserve more guaranteed income. It’s time to bring back the ...

The SECURE Act 2.0, enacted in December 2022, made several updates to what must be included in annual funding notices (“AFN”) issued by defined benefit pension plans. For large plans (as defined below ...

A client recently joked to me that he thought anyone who was willing to act as a pension trustee without getting paid for it should immediately be ruled out, as they obviously did not understand what ...

Christopher Wright told the truth in his recent commentary when he wrote that not all public employees want a defined-benefit pension. Thanks to his contribution, I now know of one; but other than ...

As Alaska faces one of its most difficult fiscal challenges in decades, a bill to radically expand Alaska’s retirement plan for government workers is winding its way through the Alaska State ...

A defined-benefit plan is an employer-sponsored retirement plan in which the benefits are determined by a company-specific formula. One notable aspect of a defined-benefit plan is that they are ...

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