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Defined Benefit Plans 2010 - Back To the Future?

A New Era in Retirement Plan Design has Begun!

 

 

Building on the phenomenal success of the 401(k) plan since the mid-70's, the newly authorized combination defined benefit/401(k) will finally restore balance and risk sharing to private sector retirement funding.

This web site is dedicated to the DB/K Plan, its history, and its likely development as the new predominant form of retirement plan in the United States for small employers. 

News!

  • the-dbk-pension-of-the-future.html: Personal Finance News from ...

    In addition, the paperwork burden is much lighter for a DB(k) plan than if a company operates separate pension and 401(k) plans, says Martella Turner-Joseph ...
    finance.yahoo.com/.../the-dbk-pension-of-the-future.html?... - Cached - Similar -

  • Article: A Hybrid Future: The DB(k) plan could make retirement ...

    A Hybrid Future: The DB(k) plan could make retirement offerings easier and more affordable for small-business owners. ... find Financial Planning articles.
    www.highbeam.com/doc/1G1-140451389.html - Cached -

  • The DB(k) Plan Makes Its Debut - Somerset CPAs - Indiananpolis, IN

    The DB(k) Plan Makes Its Debut Introducing new hybrid retirement plan. Are you ready for a new type of retirement plan? The defined benefit 401(k) plan--or ...
    www.passionateaboutyoursuccess.com/.../Wherearticle3.DBkPlanMakesDebut.htm - Cached -

  • DB(k) Plan - Early Retirement & Financial Independence Community

    2 posts - 1 author - Last post: Aug 25, 2009
    Interesting new blending of two retirement plans. The DB(k) melds a 401(k) savings plan with a small guaranteed income stream.
    www.early-retirement.org/forums/f28/db-k-plan-45936.html - Cached -

  • Will the DB(k) Plan Replace the 401k?

    Meet the DB(k) Retirement Plan here: http://ow.ly/E6Qc.
    tweetmeme.com/story/.../will-the-dbk-plan-replace-the-401k
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    DB/K Plan Design and Installation, Including Documents Available From DBK Design Group

    Call 727-460-2919

    IRS Seeks Comments on DBK Issues Ahead of Impending Effective Date 

    In Notice 2009-71, the IRS and Treasury Department requested comments on issues to be addressed in forthcoming regulatory guidance for section 414(x), which was added to the Code by the Pension Protection Act of 2006 and is effective for plan years beginning after Dec. 31, 2009. It allows small employers to combine within a single trust assets of a defined benefit and a defined contribution pension plan. Small employers generally are those that employed an average of between two and 500 employees on each business day throughout the preceding calendar year and employ at least two employees on the first day of the plan year (section 414(x)(2)(A)). Combined plans may also be treated as a single plan for purposes of certain reporting requirements. They are, however, subject to special requirements concerning benefits, contributions, vesting and nondiscrimination.

     

    Comments may be submitted by Oct. 15 by mail to CC:PA:LPD:PR (Notice 2009-71), Room 5203, Internal Revenue Service, PO Box 7604, Ben Franklin Station, Washington, DC 20044 or by e-mail to notice.comments@irscounsel.treas.gov with “Notice 2009-71” on the subject line.  

     ASPPA responds to the IRS Request

    The Submitted Comments are Here

     Sharing the Risk of Retirement Adequacy-The Buck Stops Where?  Winners and Losers in the 401(k) Revolution

    401(k) plans have been around since about 1981.  Actually, the section was added to the Internal Revenue Code in 1979, but in 1981 the IRS opened the floodgates with a then rather unremarkable ruling.  This addition to the Code, and the IRS ruling in 1981 created the defined contribution revolution in retirement design. The statistics on the shift away from classic defined benefit plans to defined contribution plans of the 401(k) type are astounding. Read them for yourself at: 401(k)s: The New Retirement Plan, For Better or Worse, a PBS Frontline collection of Interviews and Comments

    "401(k) was originally an arcane sub-paragraph in the U.S. tax code. But it became a revolution in retirement savings after the IRS ruled in 1981 that the 401(k) clause allowed workers to use tax-deferred salary money to build a retirement savings account. Since then, trillions of dollars have poured into 401(k) retirement plans, most administered by mutual fund companies. Below, inudstry insiders and other experts talk about the origins of the 401(k) law, the explosive growth of 401(k) plans and the mutual fund industry, the problems with 401(k)s and whether they will provide enough money for retired workers to maintain their standard of living. These comments are drawn from FRONTLINE's extended interviews for this report."

    You can also watch the entire PBS Frontline presentation here.

    DBKPlan.com Reports

    • While we think DB/K plans can plug the retirement adequacy "gap,"  the market will decide
    • Look around our site and see who is saying and doing what about the DB/K revolution

    You Decide