Defined Benefit Blog 

Do you sponsor a Defined Benefit Plan? If so, a pension attorney is an important part of your team. Pension attorneys, also called ERISA attorneys, have expertise in laws and regulations related to Defined Benefit Plans. For small Defined Benefit Plans, pension attorneys work closely with Defined Benefit actuaries and TPAs. Collectively, attorneys, actuaries and […]

August 19, 2019

The Pension Attorney. A Legal Resource for Defined Benefit Plans.

What Is the Schedule SB? The Schedule SB is an attachment to the Form 5500 series. The schedule reports the funding adequacy of the Defined Benefit Plan. An Enrolled Actuary must certify the figures on the form. Importantly, the Schedule SB does not show the maximum deductible contribution. Also, it does not show compliance with […]

August 15, 2019

Schedule SB – Defined Benefit Plan Actuarial Information

How could a business owner deduct a $900k contribution that is used to fund his own retirement? How is such a large contribution possible when SEPs and 401(k) Plans are limited to ~$60k per year? The answer lies in combining the power of several individual strategies. Strategies that while powerful in isolation, create a “super-charged” […]

August 7, 2019

How a Business Owner Deducted a $900k Retirement Contribution in One Year

If you run a business, a Personal Defined Benefit Plan could save you tens of thousands of dollars (or more). How do you know if a Personal Defined Benefit Plan is right for you? What are the advantages to setting up a Plan? These are the questions we’ll answer in this article.   Is a […]

July 31, 2019

The Personal Defined Benefit Plan. Advantages and When It Makes Sense.

What is the definition of a Defined Benefit Plan? How do they function? Are they similar to other retirement plans? We will answer these and other questions in this article.   Defined Benefit Plan Definition Defined Benefit Plans are retirements plans. Unlike Defined Contribution Plans, benefits are not based on the balances of individual accounts. […]

July 30, 2019

Defined Benefit Plan Definition. What They Are and How They Work.