Defined Benefit

A Defined-Benefit Plan is an employer-sponsored retirement plan where employee benefits are calculated using a complex formula that factors in variables such as salary history and duration of employment. Investment risk and portfolio management are entirely under the control of the company. There are also restrictions on when and how you can withdraw these funds without penalties.

This type of plan differs from most pension funds where payouts are dependent on the return of the invested funds. Therefore, an employer may need to dip into company earnings in the event that the returns from the investments devoted to funding the employee’s retirement result in a funding shortfall. The payouts made to employees at the time of retirement are determined by more employee-specific factors (e.g. length of employment).

Contact NestEggs for more information or to set up a free consultation to discuss the retirement plan option that is right for your business.

New to NestEggs?

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Employer Sponsors

Are you an employer who currently sponsors a retirement plan administered by NestEggs?

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Plan Participants

Do you currently have an account with NestEggs?

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Professionals

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Office Locations

Jacksonville, FL
Boston, MA
Burlington, VT

Phone

Florida: 904-348-3131

Burlington: (802)-391-4700

Boston: 978-380-5185

Toll Free: 866-202-4646

Fax: 904-348-3136

 

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