Retaining Employees Harder in a 401k World
Ever think about the cost of not retaining employees? Though most companies have gotten rid of their defined benefit (DB) plan to avoid the long…
pension plans, defined benefit plans, cash balance plans or corporate sponsored retirement plans where the company is responsible for funding and investing to insure a specific payment or defined benefit. Cash balance plans are hybrid DB plans used in conjunction with 401k plans.
Ever think about the cost of not retaining employees? Though most companies have gotten rid of their defined benefit (DB) plan to avoid the long…
The number of Fortune 500 companies offering just defined contribution (DC) plans, eliminating or freezing their DB plan, has doubled since 1998 with more companies…
DOL Investigates Companies Holding Out on DB Payments Read More »
If there was any doubt about the move from DB (defined benefit) to DC (defined contribution) plans like 401(k)s, the 2016 Global Pension Assets Study…
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