Bridge Benefits Group provides access to custom designed Defined Benefit Plans that fit your company needs. Our knowledge of the retirement plan market allows us to find the most appropriate benefits that fit your need. As investment co-fiduciaries on all our plans, you can be assured we are always striving to act in your best interest to help ensure you are compliant with Department of Labor guidelines.
Defined Benefit Plans are qualified employer-sponsored retirement plans that guarantees a certain benefit when you retire. The plan may state this guaranteed benefit as an exact dollar amount or, more commonly, it may determine a benefit through a plan calculation that considers such factors as salary and service. Upon retirement, the former employees draw a dependable check from the company plan, regardless of how the market performs. The company (sponsor of the plan) bears the market risk, meaning that the worker doesn’t have to worry that a downturn will make retirement unaffordable.
This information was developed as a general guide to educate plan sponsors, but is not intended as authoritative guidance or tax or legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation. In no way does advisor assure that, by using the information provided, plan sponsor will be in compliance with ERISA regulations.