Defined benefit plans that use the flat amount formula provide a retirement benefit that is a percentage of the employee’s average earnings.

Money purchase plans traditionally provide that the participant’s account balance is converted to an equivalent annuity at retirement, based on annuity rates provided in the plan.

A cross-tested plan uses a fixed age-weighted formula. The plan is designed to maximize benefits for a firm’s highly compensated employees while providing whatever is necessary for remaining employees to satisfy nondiscrimination regulations.

A target plan is a pension plan that uses an age-weighted contribution formula.

The Internal Revenue Code sets a maximum limit on the projected annual benefit that a defined benefit plan can provide.

Approval from the IRS is needed before an employer can establish an educational assistance plan.

Deductible moving expenses include reasonable costs for all of the following, except

Benefits in a DBO plan can be based on an employee’s average compensation over a specified period of time.

Defined benefit plans that use the flat amount formula provide a retirement benefit that is a percentage of the employee’s average earnings.

A target plan is a pension plan that uses an age-weighted contribution formula.