Pension Plans
Pension Plans fall into two major categories: Defined Benefit plans and Defined Contribution plans
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Investments Pension Plans
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- Defined Benefit PlansDefined benefit plans are traditional plans that promise a certain monthly benefit upon retirement. The employee's retirement income is based on a formula that takes into account factors such as age, earnings, and years of service.
- Defined Contribution Plans
In recent years, most companies have shifted to defined contribution plans. The benefits at retirement are not guaranteed but are based on the funds accumulated in each employees account. Examples of defined contribution plans include:
1. Profit-sharing plans
2. Money purchase plans
3. 401(k) plans - Contact us to learn more about pension plans and how it can help your business attract and retain employees
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA / SIPC). Insurance products are offered through LPL or its licensed affiliates. IBC Bank and IBC Investment Services are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using IBC Investment Services and may also be employees of IBC Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of IBC Bank or IBC Investment Services. 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 registered representatives associated with this site may only discuss and/or transact securities business with residents of the following states: Alabama, Arkansas, Arizona, California, Colorado, Delaware, Florida, Georgia, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Virginia and Washington.
Securities and insurance offered through LPL or its affiliates are:
Not Insured by FDIC or
Any Other Government AgencyNot Bank Guaranteed Not Bank Deposits or Obligations May Lose Value -
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