Bush Retirement Plan Services

Defined Benefit Plans

Defined benefit plans do not maintain account balances to reflect the accrued benefits of the plan participants. Instead the accrued benefit is determined by a specific benefit formula stated in the plan.

Cash Balance plans are a type of defined benefit plan that defines the participant benefit in terms of a hypothetical account to mirror the account balance approach in a 401(k) plan. Cash Balance plans are beneficial to the highly compensated employee and can be used in succession estate planning.

BushRPS can design the plan that best suits your needs and goals. Contact us today via phone or e-mail to get started.