A formula based plan funded wholly by the employer
that provides a lump sum benefit based on salary, age,
and years of membership.
Key Benefits of a Defined Benefit
are mandatory per the amount stated in the
Deductible employee contributions
are not allowed.
Plan administration and
compliance regulations require an enrolled
Who Can Establish:
- Self-employed Persons
- Non-profit Groups
Defined Benefit Candidates:
A large corporation who
desires to fund employee’s retirement with
mandatory annual contributions.
A business owner who desires
to put away the maximum savings into retirement
and who has no other employees or only young
employees that will have the lowest non-owner
An employer that feels
the organization’s future cash flow will support
the continuation of the plan can make mandatory
Contact a LPL Investment
Consultant to go over your options for retirement.
Financial Advisors of LPL Financial are Registered Representatives with, and Securities, Advisory Services and Insurance Products are offered through LPL Financial and its affiliates, Member FINRA/SIPC. LPL Financial is not a registered broker/dealer. Investments are: Not FDIC insured, may lose value, are not bank guaranteed, and are not obligations of LPL Financial. LPL Branch Office located at 1311 Carolina Ave, Washington, North Carolina 27889. Investment Advisory Services offered through LPL Financial, a SEC Registered Investment Advisor
FINRA (www.FINRA.org ) SIPC (www.sipc.org)
This site is designed for U.S. residents only. The services offered within this site are offered exclusively through our U.S. registered representatives. LPL Financial U.S. registered representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.