A Defined Benefit Plan, which is considered a qualified plan, offers quite a bit of flexibility. Some of these options include:
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Employers can contribute more than other plans and therefore deduct more. These benefits cannot be retroactively decreased; |
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Vesting can be immediate and substantial benefits can be provided. The benefits are not dependent on asset returns; |
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You can have other retirement plans and be a business of any size. |
The other Qualified Plans include Profit Sharing Plans and Money Purchase Pension Plans. Contact our Customer Service Department to discuss eligibility requirements as well as other Defined Contribution Plans.
Eligibility
Contribution
Distribution |