This article has been updated for 2024. Defined Benefit Plan Target Return Rate What investment return should I target in a Defined Benefit Plan? Financial advisors ask us this question quite a bit. While we cannot give investment advice, we will provide you with the information needed to arrive at your own conclusion. Specifically, we […]
This article has been updated for 2024. Introduction In a Defined Benefit Plan, a business owner is able to make high deductible contributions ($100k to $250k+). Of course, large contributions lead to a large asset pool, so it is important to select a qualified financial advisor to manage Defined Benefit Plan assets. Defined Benefit Financial […]
This article has been updated for 2024. Your Defined Benefit Plan Attorney 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 the laws and regulations related to Defined Benefit Plans. For small Defined Benefit Plans, pension […]
This article has been updated for 2024. The Defined Benefit Plan Actuary In general, if you have a Defined Benefit Plan or Cash Balance Plan, you will need an actuary. Being a Defined Benefit Plan, or pension, actuary is a specialty that requires significant education, skill, and continuing education. What is an actuary and what […]
This article has been updated for 2024. The Defined Benefit Plan TPA What should you look for in a Defined Benefit Plan TPA? Last week, we talked about how Defined Benefit Plans work. We also described how a Plan could massively reduce your taxes. Perhaps now you’re ready to take the next step. You want […]
