A 412(e)(3) plan is a type of defined benefit pension plan that is funded exclusively by life insurance and annuity contracts. Known for guaranteed benefits, these plans are subject to enhanced regulatory scrutiny to prevent abuses.
A Defined Benefit (DB) Plan is a type of retirement plan that offers guaranteed payouts based on an employee's salary and years of service, ensuring financial security upon retirement.
Understand the Funding Ratio, its types, considerations, examples, and its role in assessing the financial health of pension plans.
An in-depth exploration of funding shortfall, the gap between pension plan liabilities and assets, covering historical context, key events, mathematical models, and practical implications.
Detailed explanation of Future Service Benefits including its historical context, types, importance, and applicability.
A comprehensive guide to the Keogh Plan, a US retirement savings scheme for self-employed individuals and employees of small businesses, providing tax deferral benefits.
Legislation aimed at strengthening pension plan funding requirements.
A Registered Pension Plan (RPP) is a pension plan that permits contributions to accumulate tax-deferred until withdrawn during retirement, designed to provide income to employees after they retire.
An in-depth exploration of advance funded pension plans, detailing their mechanisms, types, benefits, and implications for employees and employers.
Learn about Benefit-Based Pension Plans, which feature corporate-guaranteed payments of insured benefits if covered plans terminate without sufficient assets.
A comprehensive overview of Contributory Pension Plans, where both employees and employers contribute towards the employee's retirement fund.
A comprehensive overview of Defined-Benefit Pension Plans, focusing on their structure, formula, contributions, tax implications, and more.
A funded retirement plan refers to a pension plan where the funds are set aside and invested to ensure the payment of future benefits to the retirees.
A comprehensive examination of Guaranteed Income Contracts (GICs), their structure, benefits, risks, and applications in corporate profit-sharing and pension plans.
Comprehensive guide on Past Service Liability focusing on funding employee pension benefits for prior service. Insightful discussion on cost implications and future benefit financing.
An in-depth look at pension plans, their types, features, historical context, applicability, and related terms.
A detailed overview of Group Deposit Administration Annuity in Pension Plan Funding, exploring its structure, benefits, and operational mechanics.
An in-depth exploration of Pension Plan Liability Reserve, its significance, types, examples, historical context, and applicability in finance and accounting.
A detailed analysis of the role, responsibilities, and regulations related to plan sponsors, including examples and historical context.
A qualified plan, also known as a qualified trust, is an employer-sponsored pension or profit-sharing plan that adheres to the rules set forth by the Internal Revenue Service, providing tax benefits and ensuring compliant employee benefits.
A Simplified Employee Pension Plan (SEP) is a retirement plan that provides business owners with a simplified method to contribute toward their employees’ retirement and their own retirement savings.
Detailed Guide on the Termination of a Pension Plan including standard and distress termination with examples and special considerations.
An in-depth examination of vesting, the process by which a pension plan participant becomes entitled to receive full or reduced benefits based on service duration, including historical context and rules effective January 1, 1989.
A detailed explanation of the Voluntary Plan, also known as the Voluntary Deductible Employee Contribution Plan, where employees choose to contribute a portion of their paycheck to a pension plan.
A detailed exploration of the 412(i) Plan, its mechanics, benefits, and applications for small business owners in the United States.
