Great News! and
are now
Please Bookmark

Ascensus Consulting Logo Always have a plan

Defined Benefit/Defined Contribution Combo

Ascensus Consulting offers a complete range of consulting, research, administrative, and communication services throughout the entire field of qualified and non-qualified plans. Our plan administrators, actuaries and compliance specialists allow us to maintain an unparalleled record of fulfilling clients’ needs and building solid, long-term relationships.

Consulting services begins with assisting clients in identifying and accomplishing overall benefit program objectives, and continues all the way through to timely and accurate plan administration.
With employees who are Fellows of the Society of Actuaries and Members of the American Society of Pension Actuaries, we can provide a full range of consulting services regarding defined benefit/defined contribution “combo” plans.
  • Defined benefit portion usually funded by employer
  • Employer also contributes a profit sharing contribution
  • Employees may contribute to defined contribution plan
  • The 401(k) plans may offer an employer match
  • Defined benefit portion provides a lifetime annuity or a lump sum
  • Defined contribution portion allows various distribution options including a lump sum, a partial lump-sum, or installment payments.

Typically, defined benefit plan investments are directed by the employer and the defined contribution component’s investments are directed by the employee.

Source: A Review of Defined Benefit, Defined Contribution, and Alternative Retirement Plans. Pension Review Board, May 2012

Contact us for more information.