Regions can help you build one of these qualified pension plans for your employees:
- Money Purchase Plans. These plans specify your contributions, but do not guarantee a specific benefit level. Benefits are based on the account balance at retirement. This balance is determined by your contributions and the plan's investment performance.
- Defined-Benefit Plans. In this more traditional pension plan, the employee's retirement benefit is based on a formula combining service and compensation and funded by company contributions. It provides a measure of assurance for your employees, and you have many choices as to how your contribution will be determined.
For help in creating and administering a pension plan that satisfies both the needs of your employees and the needs of your company, contact us at 1-800-433-2829 .
