Two words often strike fear into the minds of 401(k) plan administrators: defined benefit.
First, you know more than you realize about these thought-to-be-antiquated gentle giants. Second, we will explain a few essential concepts to help you get comfy with the unknown. Third, their nimble cousin, cash balance, continues to grow in popularity and plays very well with your 401(k) plan.
Join us for a fun, fast discussion on key concepts, similarities, differences, and questions.
- Engage your knowledge of qualified plans to bridge defined contribution plan knowledge to defined benefit plans
- Identify defined benefit specific concepts, characteristics, and terminology for key triggers
- Explore how cash balance plans work with profit-sharing plans to enhance benefits to owners and frankly, all participants
- Address frequently asked questions and answer in terms that plan sponsors comprehend
Speaker: JJ McKinney, CPC, QPA, QKA, ERPA, Vice President, Retirement Strategies, Inc.
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