Archive for September, 2012

What is a Defined Contribution Plan?

September 24th, 2012

A defined contribution plan is an employer-sponsored retirement plan that allows contributions to be made for employees based on a percentage of an employee’s compensation. Under a defined contribution plan, the maximum annual contribution on behalf of any plan participant may not exceed the lesser of 100 percent of compensation or $49,000 for 2009 and […]

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What is a Defined Benefit Plan?

September 12th, 2012

A defined benefit plan is an employer-sponsored retirement plan that provides a predetermined benefit. Defined benefit plans require the employer to promise a designated retirement benefit and then fund the plan as necessary to meet that benefit obligation. The benefit objective is the controlling force under a defined benefit plan and the contribution amounts are […]

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IRA Financial Group’s Adam Bergman Starts New 401k Blog Site

September 6th, 2012

IRA Financial Group tax attorney Adam Bergman launched a new blog site that covers 401k related issues.  Check it out at http://www.bergman401kreport.com/.

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