The Federal Reserve reports, "One of the most striking
changes in the composition of household retirement savings over the past
20 years has been the shift from defined benefit to defined contribution pension plans."
Defined Benefit Plan
A retirement plan that
stipulates that each participant will receive a set payment
after a predetermined number of years of service. It does not
pay taxes on investments within the plan. Contribution to the
plan may be by employer only, employee only or both.
Defined Contribution Plan
An employer-sponsored
retirement plan under which contributions are made by the employer,
employee or both, to individual member accounts to generate
funds for distribution to the member at retirement. Contribution
amounts are determined by the employer and are usually a set
percentage of the employee's contribution.
Retirement Plans
How You Benefit by Having a Plan Advisor
Wabash Capital stands prepared and willing to assist retirement/401(k) plan sponsors in carrying out your responsibilities to your employees, by assisting you in creating useful and meaningful retirement plans and even more importantly, by providing advice to plan sponsors and participants alike, thereby assuming fiduciary status as defined by ERISA laws and the Pension Protection Act of 2006.
This benefits you by:
- Reducing your liability.
- Improving service.
- Increasing participation.
A Perspective on Retirement
Wabash Capital can be of benefit to you and your employees as an independent, SEC-registered investment advisory firm ideally suited to provide fiduciary advisor services to retirement plans and their participants. In light of retirement plan changes brought about by the Pension Protection Act of 2006, plan sponsors and employees participating in or considering participation in a retirement plan can greatly benefit from the individualized, professional investment advice that is Wabash Capital's specialty.
In today’s rapidly changing retirement climate, Wabash Capital’s ability and willingness to communicate meaningfully with plan participants is a tremendous benefit to plan sponsors.
For more information regarding retirement plans, contact Chris Doll.