Hybrid plans are a category of retirement plans that combine features of traditional defined benefit (DB) and defined contribution (DC) plans. These plans aim to provide some of the benefits of both while managing some of the drawbacks. Hybrid plans offer greater flexibility and cost predictability for employers, and they can provide retirement income security […]

Annuities are financial products that provide a series of regular payments made at equal intervals. They are typically used as a form of retirement income or to provide a guaranteed stream of payments for a specified period. Annuities can be purchased from insurance companies or financial institutions and come in various types, each with its […]

Multiemployer Pension Plans (MEPPs) are retirement benefit programs established through collective bargaining agreements between labor unions and multiple employers within a specific industry or geographic area. These plans are designed to provide retirement income security for unionized workers who may change employers within the same industry or participate in part-time or seasonal work. Here are […]

Nonqualified Deferred Compensation (NQDC) plans are employer-sponsored programs that allow employees to defer a portion of their income until a later date, typically retirement. These plans are “nonqualified” because they do not meet the qualification requirements of ERISA (Employee Retirement Income Security Act) that apply to qualified retirement plans like 401(k)s or pension plans. NQDC […]