- TPS Group
- Areas Served
- Akron, OH
- The Pension Service
- Defined Benefit Plans


Defined Benefit Plans in Akron, OH
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 Akron, OH can generally contribute (and therefore deduct) more each year than in defined contribution plans.
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Further Reading: Defined Benefit Plans
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