- TPS Group
- Areas Served
- Park Ridge, NJ
- The Pension Service
- Defined Benefit Plans
Defined Benefit Plans in Park Ridge, NJ
A company retirement plan in which a retired employee receives a specific amount based on salary history and years of service and in which the employer bears the investment risk.
A retired employee receives a specific amount based on salary history and years of service.
Defined Benefit plans provide a fixed, pre-established benefit for employees at retirement. Substantial benefits can be provided and accrued within a short period of time. Employers located in Park Ridge, NJ can generally contribute (and therefore deduct) more each year than in defined contribution plans.
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Further Reading: Defined Benefit Plans
- SECURE 2.0: Key Provisions
- Choosing A Retirement Plan For Your Small Business
- Cash Balance Plan Presentation
- Creative Plan Design Presentation
- Action Doc: Aligning Plan Design with Your Goals
- Action Doc: Defined Benefit Plans Are Alive and Well
- CARES Act Summary-TPS Group
- How the CARES Act Applies to Your Retirement Plan
- Action Doc: Did You Know You Are a Fiduciary
- Action Doc: Financial Wellness Is Essential to Saving for Retirement
- Action Doc: Understanding Plan Audits
- New Pension Legislation Passes
- Action Doc: Your World Evolves and Your Retirement Plan Should, Too
- Action Doc: It’s Time to Restate Your Defined Benefit Plan Document
Defined Benefit Plans Videos
It’s Time to Restate Your Defined Benefit Plan Document
SECURE Act - Setting Every Community Up for Retirement Enhancement.
Resources
401(k) and Retirement Plan Limits for the Tax Year 2024
401(k) and Retirement Plan Limits for the Tax Years 2018 through 2024.
Internal Revenue Service (IRS)
- Federal tax laws, rules and forms
- Businesses and individuals
- Independent contractor rules for IRS
U.S. Department of Labor (DOL)
- Federal wage and hour law
- Exempt and non-exempt employee status
- Compliance assistance
- Independent contractor rules for DOL
Employee Benefits Security Administration
Benefit plan compliance and assistance (health and retirement) COBRA HIPPA
U.S. Bureau of Labor Statistics (BLS)
Labor statistics & wage data