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Defined Benefit Plans

Defined Benefit Plans in Lockport, NY

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 Lockport, NY

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 Lockport, NY can generally contribute (and therefore deduct) more each year than in defined contribution plans.

Looking for information on our cash balance plans in Lockport, NYClick here.

Related to: Third Party Administrator in Lockport, NY, TPA in Lockport, NY, Retirement Plan Consultant in Lockport, NY, Employer Retirement Plan Consulting in Lockport, NY, Actuarial Consulting in Lockport, NY, Pension Consultant in Lockport, NY, Actuarial Services in Lockport, NY

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

Reviews

We look forward to working with TPS Group next year

We look forward to working with TPS Group next year

As another year ends, I want to express my sincere gratitude and appreciation to you and TPS Group for assigning us Krista Blier. Krista provides exceptional customer service and has been a major asset to me and Lynch, Traub, Keefe & Errante, P.C. She is extremely knowledgeable and always accessible. Always on top of the RMD’s, giving me an explanation on form 5500-SF to present to Mr. Keefe & keeping us updated with any account changes as well as specifics. It is a relief knowing I have full faith in Krista and can turn a blind eye to our account. I cannot tell you how many vendors/brokers I have to stay on top of and babysit to make sure our deadlines are met and to perform their job duties. Krista is a pleasure to work with and we look forward to working with her and TPS Group next year.

- Michael Panela

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