What is a 457(b) Retirement Plan?

What is a 457(b) Retirement Plan?

The type of organization that you work for can determine the retirement plan options available to you. For example, a small business will be more limited on the amount of funds that they are able to contribute to an employee’s retirement so they may pick a plan that...
Cash Balance Plan: Pros and Cons

Cash Balance Plan: Pros and Cons

Is your company thinking about switching retirement plans to a cash balance plan? Are you considering switching your own retirement savings plan to a cash balance plan? If yes to either of these questions then it is important to understand the pros and cons of a cash...
September 10th is National 401(k) Day!

September 10th is National 401(k) Day!

Did you know that of the 79% of working Americans whose companies offer a 401(k) plan, only 41% take advantage of these plans? That is why in 1996 the Plan Sponsor Council of America (PSCA) created National 401(k) Day. National 401(k) Day falls every year on the...
DB/DC Combo Plans: Factors to Consider

DB/DC Combo Plans: Factors to Consider

When it comes to retirement plans, each plan can fall into two basic categories: defined benefit plans or defined contribution plans. Within each category, there are subcategories of plans, each with its own features and unique benefits. There are also hybrid plans...
What is a Defined Benefit Plan?

What is a Defined Benefit Plan?

There are many different options when it comes to funding your retirement. Some of those options are available through your workplace, while others you can save yourself. Deciding which plan is right for you can be stressful. Whether you go through your employer or...