Remember DB(k) plans? If you were in the retirement plan business back in 2006, you probably do. If you’re new in the business, you may not know about them at all. A DB(k) Plan, formally called an “Eligible Combined Plan”, is a hybrid retirement plan that was created by Congress as part of the Pension … Continue Reading
There’s a new retirement plan design available, and it’s called a DB(k) Plan. What exactly is it? As the name and visual metaphor suggest, it’s a combination retirement plan that allows an employer to provide both 401(k) benefits and pension benefits (traditional defined benefit or Cash Balance). DB(k) Plans were added to the Pension Protection … Continue Reading
