Series 24: Defined Benefit Plans

Taken from our Series 24 Online Guide

Defined Benefit Plans

A defined benefit plan is a qualified plan where the employer promises to pay the employees a specific benefit for life, starting at retirement. The most common example of the defined benefit plan is the pension plan. These plans are typically funded and managed by the company or organization that employs the participant, so all the investment decisions are made by the employer, and it is the employer’s responsibility to make sure th

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