So You’ve Frozen Your DB Plan – Now What? (Part 2)
There are generally three steps to terminate a defined benefit (DB) plan. Today, let’s take a look at the first step– evaluating the cost. Step 1– Evaluating the cost of terminating a DB plan The cost to terminate a DB plan is generally more than the cost to fully fund a hard frozen plan. …
Benefits of bundling from a visual learner’s point of view. See it for yourself.
The benefits of integrating – or bundling – defined benefit (DB) plan services range from enhanced administrative oversight to time and cost savings to accuracy to employee appreciation. As a visual learner, I always appreciate a good illustration to help me understand why.