Funded by the employer, a Defined Benefit Plan is a type of pension that lets your company set a fixed value of employees’ retirement benefits based on:
- tenure (years served) with the company
- salary level
- other factors determined by your company, such as age
To start a Defined Benefit Plan at your company, please call a Frost Wealth Advisor at (888) 268-9202 or send us a secure message and we’ll contact you as soon as possible.