4 Step Guide to Pension Plan Termination

4 Step Guide to Pension Plan Termination

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4 Step Guide to Pension Plan Termination

Flat lay of Defined Benefit Plan Termination Guide

 

As an employer, business operator, and pension plan sponsor, you have a variety of obligations to different stakeholders – your employees, retired employees, customers, partners, shareholders, and others. Taking the time to evaluate the liability and risk your pension plan may pose to your organization is an important step to ensuring the future financial health of your company and the security of the commitment made to plan participants.

This guide provides 4 steps to pension plan termination:

 

  • Step 1: Evaluate if plan termination is right for your organization.
  • Step 2: Assemble your team.
  • Step 3: Develop a course of action.
  • Step 4: Execute the plan termination.

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CBIZ Retirement Plan Services is a trade name under which certain subsidiaries of CBIZ, Inc. (NYSE Listed: CBZ) market investment advisory, investment management, third party administration, actuarial and other retirement plan services. Investment advisory and investment management services offered through CBIZ Investment Advisory Services, LLC, Registered Investment Adviser.  Investments, investment advisory and investment management services may also be offered through CBIZ Financial Solutions, Inc., Member FINRA, SIPC and Registered Investment Adviser, dba CBIZ Retirement Plan Advisory Services.  Third party administration, actuarial and other consulting services offered through CBIZ Benefits & Insurance Services, Inc.
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