What is a Defined Benefit Plan?
A Defined Benefit Plan is a specialized type of retirement plan that offers set benefits upon retirement. It differs from traditional plans in the fact that the benefits are not determined by investment returns, but rather by factors such as salary history and duration of employment.
How does a Defined Benefit Plan benefit employers?
A Defined Benefits Plan offers a number of unique benefits to employers:
What are the advantages of the Broad Financial Defined Benefit Plan?
Setting up a retirement plan is usually confusing and difficult, but with Broad Financial all the difficulties disappear. We’ll hold your hand from the initial call, and fully guide you through implementation and tax reporting. This is especially important in a Defined Benefit Plan where the administrative aspects can be complex, and include documentation, accounting, and actuarial services. With our stellar client support and A+ rating from the BBB, you can rest assured that your company’s retirement plan will be up and running in a timely and comprehensive manner.
Speak to a Specialist at Broad today and find out just how easy it can be to offer your employees a Defined Benefit Plan.
One Paragon Drive
Montvale, NJ 07645
Phone: (800) 395-5200