A New Type Of Pension Plan That Small Businesses Could Love
Source: American Express
Everybody wants a pension, but nobody wants to pay for it. Old-fashioned pensions, known as defined benefit pension plans, have fallen out of favor as an employee benefit because employers can't over the long haul predict the often-staggering costs. They are especially daunting for small businesses. But defined benefit pensions are probably the best plans for secure retirements.