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 ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. If you’re like most business owners, the long-term ...

Generally, a defined benefit plan provides an accrued benefit commencing at a participant’s Normal Retirement Date that pays a flat benefit over the lifetime of the participant. If a plan provides for ...

After years of the decline of defined benefit (DB) plans for employee retirement, it was surprising to see IBM announce the reopening of its DB plan. Meanwhile, we continue to see headlines on the ...

A defined benefit plan is a retirement option where the benefits paid on retirement are calculated using a fixed formula. The formula is typically based on the employee’s salary history and the number ...