Defined Benefits Plans

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Defined Benefits Plans

This type of plan is very similar to the traditional pension plan. The plan is generally set up to replace 100% of the participant’s pre-retirement income

The defined benefit plan works well for the client who:

  • is over the age of 45,
  • has a stable business environment,
  • has no or very few employees,
  • desires the highest deductible contribution available,
  • intends to maintain the plan for several years, and
  • would like to receive the maximum retirement benefit a qualified retirement plan can provide

All defined benefit plan assets are held in one pooled account, as opposed to individual investment accounts for each participant.

Contact us to see if this plan is right for you!