Companies have a menu of qualified retirement plan options to consider. Most companies, however, think the menu only has two choices:
- Defined Benefit (DB) Plans, which have fallen out of favor with most of corporate America.
- Defined Contribution (DC) Plans, which have become so widespread that most people know the tax code section 401(k).
These two designs are at polar extremes when it comes to risk-sharing. If we truly want to design a best-in-class retirement program, we should try to combine the most positive attributes of the DB and DC platforms into one new plan design. The variable benefit plan does just that.
Please fill out our form to read the full white paper.