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Defined Benefit Plans

A Defined Benefit (DB) plan provides a solid foundation for retirement, rounding out a total retirement program. It can be used with 401(k), 403(b), profit sharing, money purchase and nonqualified plans, or on its own.

As the top recordkeeper for Defined Benefit plans, we serve nearly 2,700 Defined Benefit plans with over 340,000 plan participants and retirees.[1]

This plan is often referred to as a pension, and is funded by the plan sponsor.


Offer your employees a Defined Benefit (DB) plan which provides a solid foundation for retirement, rounding out a total retirement program.

What are the advantages of a Defined Benefit retirement program?

  • Lets you deduct your contributions from taxes as a business expense
  • Helps recruit and keep quality employees
  • Invests in long-term employees rather than short-term employees

Employee advantages

A Defined Benefit retirement plan allows employees to:

  • Receive a guaranteed benefit, funded by you
  • Eliminate investment decisions and assuming investment risk

See how plan services benefit everyone

As a plan sponsor for a Defined Benefit retirement plan, both you and your participants will benefit from the consultative approach we use to determine a strategy that suits your organization's needs. Details


Already working with a Third-Party administrator?

You can also unbundle your retirement plan services with The Principal to help meet your individual needs.

Keeping You Informed
[1]
As of 6/30/2009. Based on total number of Defined Benefit plans recordkept.
Learn More

Not sure what to do with your DB plan?

Get the facts from "DB or not DB? That is the question". (PDF: 109 KB)

DB or not DB? That is the question.

See how The Principal helped one client streamline their retirement plans.

Read the case study.
(PDF: 77KB)

Read the case study.

Need consulting?

Whether you are a customer or considering our services - tell us about your retirement plan needs.

Send a message.

Send a message.

 

Have a question? Call us at 1.800.986.3343

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