According to October Three’s analysis of Form 5500s filed for the 2024 calendar year, Cash Balance plans now make up roughly 65% of all Defined Benefit (DB) plans in existence today; cash balance ...

What Are the Features of a Defined Benefit Plan? A defined benefit plan guarantees retirement benefits for an employee. Some of the features include: Employer sponsored: The employer funds and manages ...

Ask successful small-business owners if they are happy with their annual IRS tax bills and most will moan and groan. That was the case with Bob Johnson, founder and CEO of Johnson Insurance & ...

A defined benefit plan, other than a fully insured plan, must satisfy one of the following three accrued benefit tests: The 3 percent test. The accrued benefit to which a participant is entitled upon ...

A defined benefit plan ( Q 3715) that is not structured as a cash balance plan or that is not top heavy, as determined under IRC Section 416, must provide vesting based on credited service that is at ...

Are educator pensions in your state under attack? Are COLA increases not keeping up with inflation? Get the facts so you can ...

This column has been modified to correct the amount of the required contribution for Janet's DB plan. Minimizing taxes isn’t always the best idea. Rich found this out the hard way. You may have heard ...

United Auto Workers are likely to see significant increases to employer 401(k) contributions and pension plan payouts, despite not having the restoration of defined benefit pension plans. As of Monday ...

You may have read recent commentaries in the ADN that have made claims about what it means to support public safety. All too often, what gets lost in the discussion are the voices of actual public ...